b'7.875% Senior Secured Notes due 2021During August 2014, the Company issued $300.0 million of Senior Notes and received netproceeds of approximately $292.5 million after deducting discounts, commissions and deferred financingcosts. The Company used the net proceeds to repay a portion of the outstanding indebtedness underthe Facility and for general corporate purposes.During April 2015, we issued an additional $225.0 million Senior Notes and received net proceedsof $206.8 million after deducting discounts, commissions and other expenses. We used the net proceedsto repay a portion of the outstanding indebtedness under the Facility and for general corporatepurposes. The additional $225.0 million of Senior Notes have identical terms to the initial$300.0 million Senior Notes, other than the date of issue, the initial price, the first interest paymentdate and the first date from which interest accrued.The Senior Notes mature on August 1, 2021. Interest is payable semi-annually in arrears eachFebruary 1 and August 1 commencing on February 1, 2015 for the initial $300.0 million Senior Notesand August 1, 2015 for the additional $225.0 million Senior Notes. The Senior Notes are secured(subject to certain exceptions and permitted liens) by a first ranking fixed equitable charge on all sharesheld by us in our wholly-owned subsidiary, Kosmos Energy Holdings. The Senior Notes are currentlyguaranteed on a subordinated, unsecured basis by our existing restricted subsidiaries that guarantee theFacility and the Corporate Revolver, and, in certain circumstances, the Senior Notes will becomeguaranteed by certain of our other existing or future restricted subsidiaries (the Guarantees).Redemption and Repurchase. On or after August 1, 2017, the Company may redeem all or a partof the Senior Notes at the redemption prices (expressed as percentages of principal amount) set forthbelow plus accrued and unpaid interest:Year PercentageOn or after August 1, 2018, but before August 1, 2019 . . . . . . . . . . . . . . . 102.0%On or after August 1, 2019 and thereafter . . . . . . . . . . . . . . . . . . . . . . . . 100.0%We may also redeem the Senior Notes in whole, but not in part, at any time if changes in tax lawsimpose certain withholding taxes on amounts payable on the Senior Notes at a price equal to theprincipal amount of the Senior Notes plus accrued interest and additional amounts, if any, as may benecessary so that the net amount received by each holder after any withholding or deduction onpayments of the Senior Notes will not be less than the amount such holder would have received if suchtaxes had not been withheld or deducted.Upon the occurrence of a change of control triggering event as defined under the Indenture, theCompany will be required to make an offer to repurchase the Senior Notes at a repurchase price equalto 101% of the principal amount, plus accrued and unpaid interest to, but excluding, the date ofrepurchase.If we sell assets, under certain circumstances outlined in the Indenture, we will be required to usethe net proceeds to make an offer to purchase the Senior Notes at an offer price in cash in an amountequal to 100% of the principal amount of the Senior Notes, plus accrued and unpaid interest to, butexcluding, the repurchase date.Covenants. The Indenture restricts our ability and the ability of our restricted subsidiaries to,among other things: incur or guarantee additional indebtedness, create liens, pay dividends or makedistributions in respect of capital stock, purchase or redeem capital stock, make investments or certainother restricted payments, sell assets, enter into agreements that restrict the ability of our subsidiariesto make dividends or other payments to us, enter into transactions with affiliates, or effect certainconsolidations, mergers or amalgamations. These covenants are subject to a number of important94'