--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-289910" form_type: "8-K" ticker: "KNTK" cik: "0001692787" company_name: "Kinetik Holdings Inc." filed_at: "2023-12-06T23:59:59+00:00" generated_at: "2026-06-07T17:13:40.780211+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Kinetik prices $500M 6.625% sustainability-linked notes due 2028; extends term loan ## Summary - Priced $500M aggregate principal of 6.625% Sustainability-Linked Senior Notes due December 15, 2028 at par. - Net proceeds, along with cash and revolver draws, will repay a portion of outstanding term loan borrowings. - First Amendment extended Term Loan maturity from June 2025 to June 2026; potentially to December 2026 if principal falls to $1B. - Interest rate may increase by 0.25% p.a. from June 2027 if sustainability targets (GHG/methane reductions, women officers) are not met. - Notes are fully and unconditionally guaranteed by Kinetik Holdings Inc. and unsecured. ## SEC filing metadata - accession: 0001193125-23-289910 - form_type: 8-K - ticker: KNTK - cik: 0001692787 - company_name: Kinetik Holdings Inc. - filed_at: 2023-12-06T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/0001193125-23-289910-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/d610406d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-289910 - JSON: https://secwatch.observer/filing/0001193125-23-289910.json - Plain text: https://secwatch.observer/filing/0001193125-23-289910.txt ## Key facts - Debt Financings Kinetik Holdings Inc. incurred senior notes of $500 million aggregate principal amount with Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers at 6.625% maturing December 15, 2028. - Instrument: senior notes - Principal: $500 million aggregate principal amount - Counterparty: Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers - Rate: 6.625% - Maturity: December 15, 2028 - Event: incurrence source text: Inc., as representatives of the several initial purchasers named therein (collectively, the “Initial Purchasers”), relating to the issuance and sale (the “Notes Offering”) of $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Notes”). The Purchase Agreement contains customary representations and warranties of the evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/0001193125-23-289910-index.htm - Material Agreements Kinetik Holdings Inc. entered into Purchase Agreement with Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers valued at $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (effective 2023-12-04). - Action: entry - Agreement: underwriting - Counterparty: Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers - Value: $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 - Effective: 2023-12-04 source text: On December 4, 2023, Kinetik Holdings Inc. (the “Company”) and a subsidiary of the Company, Kinetik Holdings LP (“Kinetik LP”), entered into a purchase agreement (the “Purchase Agreement”) by and among Kinetik LP, the Company as parent guarantor, and Wells Fargo Securities, LLC and BofA Securities, Inc., as representatives of the several initial purchasers named therein evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/0001193125-23-289910-index.htm - Material Agreements Kinetik Holdings Inc. amended First Amendment to Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-12-06). - Action: amendment - Agreement: credit facility - Counterparty: PNC Bank, National Association, as administrative agent, and the lenders party thereto - Effective: 2023-12-06 source text: On December 6, 2023, Kinetik LP, the Company, PNC Bank, National Association (“PNC Bank”), as administrative agent, and the lenders party thereto, entered into a First Amendment to Credit Agreement (the “First Amendment”) to Kinetik LP’s term loan credit agreement evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/0001193125-23-289910-index.htm - Material Agreements Kinetik Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (effective 2023-12-06). - Action: entry - Agreement: notes offering - Counterparty: U.S. Bank Trust Company, National Association, as trustee - Value: $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 - Effective: 2023-12-06 source text: The terms of the Notes are governed by the Indenture, dated as of December 6, 2023 (the “Indenture”), by and among Kinetik LP as the issuer, the Company as guarantor, and U.S. Bank Trust Company, National Association, as trustee evidence_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312523289910/0001193125-23-289910-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.