Kosmos Energy To Get $2B Loan

Oil exploration and production company, Kosmos Energy, is seeking to secure $2 billion of seven-year debt in advance of its planned IPO.

Oil exploration and production company, Kosmos Energy, is seeking to secure $2 billion of seven-year debt in advance of its planned IPO, Reuters reports. The new credit facility will replace an existing $1.15 billion loan. The company is appointing Barclays Capital, BNP Paribas, Credit Agricole, HSBC, Societe Generale and Standard Chartered for the new loan. Credit Suisse, Citigroup and Barclays Capital have been hired for the New York Stock Exchange listing.

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