09:04 AM EDT, 09/25/2025 (MT Newswires) -- Kosmos Energy ( KOS ) said Thursday that its Kosmos Energy Gulf of Mexico Operations subsidiary has entered into a senior secured term loan facility to borrow up to $250 million in two tranches from a US-based unit of Shell (SHEL).

The funding is expected on Oct. 1, the company said.

The company said the first $150 million tranche will be used to partially redeem its outstanding 2026 unsecured notes and that the second $100 million tranche can be drawn until April 1, 2026.

Kosmos said the term facility has an interest rate of secured overnight financing rate plus 3.75%, and will mature four years after closing.