Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that, in connection with its previously announced registered underwritten public offering of $1,200,000,000 aggregate principal amount of 2.625% convertible senior notes due 2019 (the “Notes”), the underwriters of the offering have exercised in full their over-allotment option to purchase an additional $180,000,000 aggregate principal amount of Notes, bringing total gross proceeds from this offering of Notes to $1,380,000,000.
Cobalt expects to close the offering of the Notes (including the additional Notes) on December 17, 2012, subject to satisfaction of customary closing conditions.
Cobalt intends to use the net proceeds from the sale of the Notes to fund its capital expenditures and for general corporate purposes.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as the underwriters of the offering.The offering is being made pursuant to an effective shelf registration statement, including a prospectus and a prospectus supplement relating to the offering, filed by Cobalt with the Securities and Exchange Commission (“SEC”). When available, copies of the prospectus and the prospectus supplement relating to the offering may be obtained for free by visiting the SEC website at www.sec.gov. Alternatively, copies of the prospectus and the prospectus supplement may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by calling (866) 718-1649 or by emailing firstname.lastname@example.org and from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, by calling 1-866-471-2526 or by emailing email@example.com. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the related registration statement.