secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001193125-22-058156
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 2.01, 2.02, 2.03, 3.02, 3.03, 5.03, 4.01, 5.01, 5.02, 5.05, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik Holdings closes BCP acquisition, issues 2022 financial guidance
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- Completed acquisition of BCP for 50M Common Units and 50M Class C shares; Contributor now owns 75% of outstanding Common Stock, Apache Midstream 20%, others 5%.
- Entered new Stockholders, Registration Rights, and Partnership agreements; Apache, ISQ, BX Aggregator get board seats based on ownership thresholds.
- Redeemed 100,000 Series A Preferred Units for ~$120M and paid $2.6M consent fee.
- Issued press release with 2022 financial guidance (details not included in 8-K text).
- Assumed BCP's existing debt: $1.25B term loan, $125M revolver, $690M term loan, $60M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/0001193125-22-058156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000119312522058156/d242119d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-058156

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