---
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"
generated_at: "2026-05-20T01:46:48.754954+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-133719
- JSON: https://secwatch.observer/filing/0001193125-25-133719.json
- Plain text: https://secwatch.observer/filing/0001193125-25-133719.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $1.15 billion senior unsecured credit facility
  - Counterparty: Toronto Dominion (Texas) LLC
  - Rate: Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0%
  - Maturity: May 30, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/0001193125-25-133719-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $1.6 billion senior unsecured revolving credit facility
  - Counterparty: PNC Bank, National Association
  - Rate: Term SOFR rate plus 0.10%, plus a margin that ranges between 1.25% and 2.0%
  - Maturity: May 30, 2030
  - Event: incurrence
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1692787/000119312525133719/0001193125-25-133719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.