Apache Midstream sells 13.1M Kinetik shares at $33.75 in secondary offering

Kinetik Holdings Inc.

Selling stockholder Apache Midstream LLC (Apache Corp subsidiary) sold 13,079,871 shares at $33.75/share.
Initial offering of 11,373,801 shares plus underwriters' full exercise of 1,706,070-share option.
Kinetik receives no proceeds; expected closing March 18, 2024.
CEO purchases 14,814 shares at the public offering price from underwriters.
Goldman Sachs, BofA, J.P. Morgan, Mizuho lead-manage the offering.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kinetik Holdings Inc. entered into Underwriting Agreement with Goldman Sachs & Co. LLC, as representative of the several underwriters (effective 2024-03-13).

Action: entry
Agreement: underwriting
Counterparty: Goldman Sachs & Co. LLC, as representative of the several underwriters
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, Kinetik Holdings Inc., a Delaware corporation (the “ Company ”) and Apache Midstream LLC (the “ Selling Stockholder ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Goldman Sachs & Co. LLC, as representative of the several underwriters named therein

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Kinetik Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-069248

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