Kosmos Energy Terminates Material Definitive Agreement
Ticker: KOS · Form: 8-K · Filed: Oct 18, 2024 · CIK: 1509991
| Field | Detail |
|---|---|
| Company | Kosmos Energy Ltd. (KOS) |
| Form Type | 8-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $165 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, termination
Related Tickers: KOS
TL;DR
Kosmos Energy just terminated a big deal, could be good or bad.
AI Summary
Kosmos Energy Ltd. announced on October 18, 2024, the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it is a significant event requiring disclosure.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement introduces uncertainty regarding the company's contractual obligations and future business prospects.
Key Players & Entities
- Kosmos Energy Ltd. (company) — Registrant
- October 18, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- New York Stock Exchange (exchange) — Exchange for Common Stock
- London Stock Exchange (exchange) — Exchange for Common Stock
FAQ
What specific material definitive agreement was terminated by Kosmos Energy Ltd.?
The filing does not specify the name or details of the terminated material definitive agreement.
When was the termination of the material definitive agreement effective?
The filing indicates the date of the earliest event reported is October 18, 2024, which is also the date of the report and the date as of change.
What are the potential financial implications of this termination for Kosmos Energy Ltd.?
The filing does not provide details on the potential financial implications of the termination.
Was there a specific reason cited for the termination of the agreement?
The filing does not provide a reason for the termination of the material definitive agreement.
Does this termination involve any penalties or break-up fees for Kosmos Energy Ltd.?
The filing does not mention any penalties or break-up fees associated with the termination.
Filing Stats: 476 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-10-18 16:31:25
Key Financial Figures
- $0.01 — ange on which registered: Common Stock $0.01 par value KOS New York Stock Exchange
- $165 million — undrawn availability was approximately $165 million with an expiration date of December 31,
Filing Documents
- kos-20241018.htm (8-K) — 25KB
- 0001509991-24-000082.txt ( ) — 145KB
- kos-20241018.xsd (EX-101.SCH) — 2KB
- kos-20241018_lab.xml (EX-101.LAB) — 21KB
- kos-20241018_pre.xml (EX-101.PRE) — 12KB
- kos-20241018_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. As previously disclosed, Kosmos Energy Ltd. (the " Company ") and certain of its subsidiaries were party to a Revolving Credit Facility Agreement dated March 31, 2022, with The Standard Bank of South Africa Limited, as Facility Agent, Crdit Agricole Corporate and Investment Bank, as Security and Intercreditor Agent, and the other financial institutions listed therein (as amended or as amended and restated from time to time, the " Corporate Revolver "). On October 18, 2024, the Corporate Revolver was terminated pursuant to a voluntary cancellation notice sent by the Company. There were no outstanding borrowings under the Corporate Revolver and the undrawn availability was approximately $165 million with an expiration date of December 31, 2024. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 18, 2024 KOSMOS ENERGY LTD. By: /s/ NEAL D. SHAH Neal D. Shah Senior Vice President and Chief Financial Officer 3