Kodiak Gas Services, Inc. (KGS): debt financing — Kodiak Gas Services issues $1.2B in senior notes and amends ABL facility

Kodiak Gas Services, Inc.

Issued $600M of 6.5% senior notes due 2033 and $600M of 6.75% notes due 2035.
ABL facility amended: commitments reduced to $2.0B, maturity extended to Sept 5, 2030.
ABL interest margin reduced to 1.75%-2.50% (SOFR) plus 0.25% unused commitment fee.
New lenders: Canadian Imperial Bank, Mizuho, MUFG, U.S. Bank; Sunflower Bank exited.
Notes unsecured; change of control triggers 101% repurchase offer if downgraded.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Kodiak Gas Services, Inc. incurred senior notes of $600,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2033 with U.S. Bank Trust Company, National Association at 6.500% maturing October 1, 2033.

Instrument: senior notes
Principal: $600,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2033
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.500%
Maturity: October 1, 2033
Event: incurrence

Exact text from the filing

On September 5, 2025, Kodiak Gas Services, LLC, a Delaware limited liability company (the “Issuer”), issued $600,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2033 (the “2033 Notes") and $600,000,000 in aggregate principal amount of 6.750% senior unsecured notes due 2035 (the “2035 Notes" and, together with the 2033 Notes, the “Notes"), pursuant to an indenture, dated September 5, 2025 (the “Indenture"), by and among the Issuer, Kodiak Gas Services, Inc., a Delaware corporation (the “Company"), certain other subsidiary guarantors party thereto (collectively with the Company, the “Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the “Trustee").

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

Kodiak Gas Services, Inc. incurred senior notes of $600,000,000 in aggregate principal amount of 6.750% senior unsecured notes due 2035 with U.S. Bank Trust Company, National Association at 6.750% maturing October 1, 2035.

Instrument: senior notes
Principal: $600,000,000 in aggregate principal amount of 6.750% senior unsecured notes due 2035
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.750%
Maturity: October 1, 2035
Event: incurrence

Exact text from the filing

On September 5, 2025, Kodiak Gas Services, LLC, a Delaware limited liability company (the “Issuer”), issued $600,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2033 (the “2033 Notes") and $600,000,000 in aggregate principal amount of 6.750% senior unsecured notes due 2035 (the “2035 Notes" and, together with the 2033 Notes, the “Notes"), pursuant to an indenture, dated September 5, 2025 (the “Indenture"), by and among the Issuer, Kodiak Gas Services, Inc., a Delaware corporation (the “Company"), certain other subsidiary guarantors party thereto (collectively with the Company, the “Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the “Trustee").

View on SEC.gov

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Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-200118

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