secwatch / observer
8-K filed January 23, 2024, 6:59 PM ET ticker KGS CIK 0001767042
debt confidence high sentiment neutral materiality 0.55

Kodiak amends ABL credit facility to accommodate pending CSI Compressco merger

Kodiak Gas Services, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Kodiak Gas Services, Inc. amended Third Amendment to Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at Third Amendment to Existing ABL Credit Agreement, increasing maximum secured leverage ratio to 3.75x (effective 2024-01-22).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
Third Amendment to Existing ABL Credit Agreement, increasing maximum secured leverage ratio to 3.75x
Effective
2024-01-22
Exact text from the filing
On January 22, 2024, Kodiak Gas Services, Inc. (the "Company"), its indirect, wholly owned subsidiary Kodiak Gas Services, LLC ("Kodiak Services" and, together with the Company, the "Borrowers") and certain other subsidiaries of the Company entered into the Third Amendment to Fourth Amended and Restated Credit Agreement (the "Third Amendment"), which amends the Fourth Amended and Restated Credit Agreement, dated as of March 22, 2023 (as amended by the First Amendment to Fourth Amended and Restated Credit Agreement dated as of May 31, 2023 and the Second Amendment to Fourth Amended and Restated Credit Agreement dated as of June 27, 2023, the "Existing ABL Credit Agreement" and as further amended by the Third Amendment, the "ABL Credit Agreement" and the revolving-asset backed loan credit facility governed by the ABL Credit Agreement, the "ABL Facility") by and among the Borrowers, certain subsidiaries of the Company, certain financial institutions as lenders and JPMorgan Chase Bank, N.A
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Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-012546
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