Energy Firm Kosmos Seeks Loan to Ease $1 Billion Maturity Burden

Deepwater oil and gas firm Kosmos Energy Ltd. is in discussion with banks to raise secured financing ahead of a series of bond maturities totaling more than $1 billion over the next three years, according to people familiar with the matter.

The bank facility would likely be secured against Kosmos’ Greater Tortue Ahmeyim project, a natural gas development off the coasts of Mauritania and Senegal, and assets in the Gulf of Mexico, the people added, asking not to be identified because the discussions are private.

Kosmos Energy declined to comment.

If completed, the deal would ease the refinancing pressure ...