secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301201
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik LP issues additional $300M 6.625% Sustainability-Linked Notes due 2028
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- Issued $300M aggregate principal of 6.625% Sustainability-Linked Senior Notes due 2028 at 100.5% of par.
- New Notes are additional tranche under same indenture as existing $500M notes; total $800M outstanding.
- Proceeds used to repay a portion of borrowings under term loan credit facility.
- Interest rate may increase by up to 0.25% p.a. from June 2027 if sustainability performance targets unmet.
- Notes mature December 15, 2028; interest payable semi-annually starting June 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523301201/0001193125-23-301201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000119312523301201/d436659d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301201

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