Davis Polk advised Kosmos Energy Ltd. in connection with a Rule 144A/Regulation S offering of $300 million aggregate principal amount of its 7.875% senior secured notes due 2021. The notes are guaranteed on a subordinated basis by certain of Kosmos’s subsidiaries and are secured by an equitable charge over all outstanding shares of Kosmos’s direct subsidiary, Kosmos Energy Holdings. Barclays Capital Inc. and BNP Paribas acted as global coordinators of the offering.  

Kosmos is an international oil and gas exploration and production company with a focus on frontier and emerging areas along the Atlantic Margin. Kosmos’s assets include existing production and other major development projects offshore Ghana, as well as exploration licenses with significant hydrocarbon potential offshore Ireland, Mauritania, Morocco (including Western Sahara) and Suriname.  

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Byron B. Rooney, and associates Kavita Paw and Milson C. Yu. The credit team included partner Joseph P. Hadley and associate Vivian Y. Wong. Partner Michael Mollerus and associate Ameya V. Bapat provided tax advice. Partner Gregory S. Rowland and associate Vanessa K. Rakel provided Investment Company Act of 1940 advice. All members of the Davis Polk team are based in the New York office.