Slaughter and May advised Kosmos Energy on the refinancing of its reserves-based loan facility

Slaughter and May advised Kosmos Energy (“Kosmos”), a full-cycle deepwater independent oil and gas exploration and production company listed on the New York Stock Exchange and London Stock Exchange, on the refinancing of its reserves-based loan (“RBL”) facility.

The new RBL facility extends the previous maturity date by approximately three years, such that it now matures at the end of 2029. The total RBL facility size has been increased to $1.35 billion (from $1.25 billion) with current commitments of approximately $1.2 billion. The RBL facility is secured against Kosmos’ production assets in Ghana and Equatorial Guinea.