---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-000967"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:45:58.138880+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Kirby issues remaining $240M of 3.51% Series B Notes due 2033

## Summary
- Issued $240M Series B Notes (3.51% fixed rate) on Jan 19, 2023, completing $300M total offering.
- Series A Notes ($60M at 3.46%) were issued Oct 20, 2022; no principal due until maturity.
- Semi-annual interest payments begin Jan 19, 2023 at $525K, then $5.25M per payment.
- Proceeds used to repay 3.29% senior notes due Feb 27, 2023, along with revolving credit facility.
- Covenants include interest coverage, debt-to-capitalization, and standard default provisions.

## SEC filing metadata
- accession: 0000950170-23-000967
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017023000967/0000950170-23-000967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017023000967/kex-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-000967
- JSON: https://secwatch.observer/filing/0000950170-23-000967.json
- Plain text: https://secwatch.observer/filing/0000950170-23-000967.txt

## Key facts
- Debt Financings
  KIRBY CORP incurred senior notes of $240 million of 3.51% senior notes with a group of institutional investors at 3.51% maturing January 19, 2033.
  - Instrument: senior notes
  - Principal: $240 million of 3.51% senior notes
  - Counterparty: a group of institutional investors
  - Rate: 3.51%
  - Maturity: January 19, 2033
  - Event: incurrence
  source text: On February 3, 2022, as previously disclosed in the Current Report on Form 8-K filed by Kirby Corporation (“Kirby” or the “Company”) with the Securities and Exchange Commission on February 8, 2022, Kirby entered into a Note Purchase Agreement with a group of institutional investors (the “Note Purchase Agreement”) for the issuance of $300 million of unsecured fixed-rate senior notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/56047/000095017023000967/0000950170-23-000967-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.