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Kistos places $50 million bond tap to expand liquidity

Kistos ($KIST) placed an additional $50 million of senior secured bonds under its existing issue due in May 2030. The debt carries a 9.875% coupon and was priced at 101.10% of face value, corresponding to a 9.5% yield. The transaction would increase the amount outstanding under the bond issue to $350 million, with proceeds intended for general corporate purposes and continued growth. The energy company expects liquidity of $250–300 million after settlement, alongside cash generation from its unh

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Kistos gains legal title to Oman Blocks 3 and 4 following Royal Decree

Kistos announced on 7 September 2026 that an Omani Royal Decree has transferred legal ownership of Blocks 3 and 4 from Mitsui to Kistos. Legal transfer and formal completion Formal completion of the sale agreement will follow, including completion adjustments and interim-period accounting. Block 9 is progressing on a separate timetable under its own contractual framework. The broader acquisition of Blocks 3, 4 and 9 was agreed for $148m, with an effective date of 1 January 2025. The company attr

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