secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001193125-23-296892
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik issues $300M 6.625% sustainability-linked notes due 2028
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- $300M upsized from $200M, priced at 100.5% of par plus accrued interest.
- Notes mature Dec 15, 2028; pay 6.625% semi-annual; first payment June 15, 2024.
- Proceeds used to repay a portion of outstanding borrowings under existing term loan facility.
- Interest rate linked to sustainability targets: GHG/methane emissions reduction and women in officer positions.
- Notes fully and unconditionally guaranteed by Kinetik Holdings Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523296892/0001193125-23-296892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523296892/d14363d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-296892

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