secwatch.observer — SEC 8-K summary
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Issuer:     Kinetik Holdings Inc. (KNTK)
CIK:        0001692787
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001193125-25-057946
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetik issues $250M add-on 6.625% sustainability-linked notes due 2028 at 101.25% of par
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692787/000119312525057946/0001193125-25-057946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692787/000119312525057946/d808438d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-057946

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