Kosmos Energy shares rise 11.18% intraday after successful $182.46M debt repurchase and refinancing with 11.25% bonds.

Kosmos Energy surged 11.18% intraday after announcing successful early tender results for its $250 million cash offer to repurchase 7.750% Senior Notes due 2027, with $182.457 million in notes tendered and accepted for purchase. The company also priced $350 million in 11.25% senior secured bonds due 2031 and plans to redeem 7.125% notes due 2026, signaling proactive debt management amid refinancing efforts. These moves aim to extend debt maturities and reduce near-term liquidity risks, despite a recent S&P Global downgrade to 'CCC'. The market appears to have interpreted the refinancing progress as a positive step toward stabilizing Kosmos’s leveraged balance sheet, outweighing concerns over elevated restructuring risks.