Slaughter and May advised Kosmos Energy Ltd on the refinancing of its revolving credit facility

Slaughter and May advised Kosmos Energy Ltd (“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 revolving credit facility. The new $250 million revolving credit facility matures at the end of 2024, replacing the previous revolving credit facility which would have matured in 2022. It provides liquidity to support Kosmos’ portfolio of assets, which includes assets offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico. In anticipation of the cessation of the London Interbank Offered Rate (“LIBOR”), this new revolving credit facility is linked to the Secured Overnight Financing Rate (“SOFR”).