secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak Gas Services, Inc. (KGS)
CIK:        0001767042
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001193125-24-012546
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kodiak amends ABL credit facility to accommodate pending CSI Compressco merger
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- Third Amendment dated Jan 22, 2024 amends Fourth Amended and Restated Credit Agreement to support the CSI Compressco merger.
- Amended maximum secured leverage ratio: 3.75x for first 4 quarters after unsecured debt issuance, then 3.25x.
- Cash dominion trigger: commences when ABL availability <$125M for 5 consecutive business days or upon certain defaults.
- Amendment permits additional indebtedness, liens, investments, dividends, and dispositions.
- Certain changes are contingent on merger closing by Reversion Date; otherwise unwound.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767042/000119312524012546/0001193125-24-012546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767042/000119312524012546/d733969d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-012546

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