secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0001193125-23-287962
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik announces $500M Sustainability-Linked Senior Notes offering due 2028 to repay term loan
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- Subsidiary Kinetik Holdings LP plans $500M Sustainability-Linked Senior Notes due 2028.
- Proceeds, plus cash and revolver draws, to repay a portion of outstanding Term Loan borrowings.
- Concurrent First Amendment to Term Loan expected to extend maturity to June 8, 2026 upon prepayment of at least $500M.
- Notes interest rate tied to sustainability targets on GHG/methane emissions reduction and women in corporate officer positions.
- As of Nov 30, 2023: cash $2.7M, revolver borrowings $604M, undrawn availability $633M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523287962/0001193125-23-287962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523287962/d599081d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-287962

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer