Kinetik Holdings Inc. (KNTK): debt financing — Kinetik issues $250M add-on 6.625% sustainability-linked notes due 2028 at 101.25% of par

Kinetik Holdings Inc.

Priced $250M principal at 101.25% of par; notes mature Dec 15, 2028, interest 6.625% semi-annual.
Proceeds will repay a portion of revolver borrowings and for general corporate purposes.
New notes added to existing $800M series; total outstanding now $1.05B under same indenture.
Received lender waiver to avoid mandatory prepayment of term loan from note proceeds.
Interest rate may step up by up to 0.25% if three sustainability targets not met by June 2027.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Kinetik Holdings Inc. incurred senior notes of $250 million aggregate principal amount with MUFG Securities Americas Inc. at 6.625% maturing December 15, 2028.

Instrument: senior notes
Principal: $250 million aggregate principal amount
Counterparty: MUFG Securities Americas Inc.
Rate: 6.625%
Maturity: December 15, 2028
Event: incurrence

Exact text from the filing

issuance and sale (the “Notes Offering”) of $250 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “New Notes”). The Notes Offering closed on March 19, 2025.

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Kinetik Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-057946

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