Oil and natural gas explorer Kosmos Energy Ltd. (NYSE: KOS) said on Feb. 6 it refinanced the loan facility tied to its energy reserves, raising the borrowing capacity to fund exploration.
Borrowing capacity has been increased to $1.5 billion from $1.3 billion, the Dallas-based company said.
The reserve-based lending facility, which previously incorporated only the Ghana assets, now includes the recently acquired producing assets in Equatorial Guinea, Kosmos said.
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