{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-133719","form_type":"8-K","ticker":"KNTK","cik":"0001692787","company_name":"Kinetik Holdings Inc.","filed_at":"2025-06-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.364709+00:00","generated_at":"2026-05-20T01:46:48.754954+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Kinetik enters $1.6B revolver and $1.15B term loan, replaces 2022 credit facilities","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-133719","json":"https://secwatch.observer/filing/0001193125-25-133719.json","markdown":"https://secwatch.observer/filing/0001193125-25-133719.md","text":"https://secwatch.observer/filing/0001193125-25-133719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/0001193125-25-133719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/d857465d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T01:46:48.754954+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31017e089d09774297fa9a3ad73f057478442695","claim":"Kinetik Holdings Inc. incurred term loan of $1.15 billion senior unsecured credit facility with Toronto Dominion (Texas) LLC at Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0% maturing May 30, 2028.","evidence_excerpt":"Dominion (Texas) LLC, as administrative agent (“Toronto”) and the banks and other financial institutions party thereto, as lenders. The Term Loan Credit Agreement provides for a $1.15 billion senior unsecured credit facility. The Term Loan Credit Agreement matures on May 30, 2028. The obligations under the Term Loan Credit Agreement are guaranteed by the Company. 2","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/0001193125-25-133719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.15 billion senior unsecured credit facility"},{"label":"Counterparty","value":"Toronto Dominion (Texas) LLC"},{"label":"Rate","value":"Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0%"},{"label":"Maturity","value":"May 30, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c98388363171c60c740173413c32641234b1c2aa","claim":"Kinetik Holdings Inc. incurred revolving credit of $1.6 billion senior unsecured revolving credit facility with PNC Bank, National Association at Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0% maturing May 30, 2030.","evidence_excerpt":"(the “Company”), entered into a revolving credit agreement (the “Revolving Credit Agreement”) among PNC Bank, National Association, as administrative agent (“PNC Bank”), and the banks and other financial institutions party thereto, as lenders.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/0001193125-25-133719-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.6 billion senior unsecured revolving credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0%"},{"label":"Maturity","value":"May 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}