Kosmos Energy shares rise 10.43% intraday after $182.46M in 2027 notes accepted in debt tender.

Kosmos Energy surged 10.43% intraday after announcing early tender results for its $250 million cash repurchase of 7.750% Senior Notes due 2027, with $182.457 million in notes accepted for repurchase. The move, combined with an extended tender deadline, signals proactive debt management and aligns with the company’s recent share price momentum, which has risen 72.92% in one month. The repurchase reduces near-term debt obligations, enhancing financial flexibility and investor confidence, particularly as the stock trades at a discount to its $2.10 analyst price target. Operational progress in Ghana and the GTA LNG project further underpin optimism about future cash flow growth.