Kinetik enters $1.6B revolver and $1.15B term loan, replaces 2022 credit facilities

Kinetik Holdings Inc.

New $1.6B senior unsecured revolving credit facility with $200M LC sublimit, matures May 2030.
New $1.15B senior unsecured term loan facility with maturity May 2028; both guaranteed by parent.
Previous 2022 revolver and term loan repaid and terminated on May 30, 2025.
Leverage covenant: net debt/EBITDA ≤5.0x (5.5x during acquisition periods) for both agreements.
$465M drawn on revolver at closing; pricing based on credit ratings with margins from 1.25%-2.0% (SOFR).

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