debt
confidence high
sentiment neutral
materiality 0.60
Kodiak Gas launches $750M notes offering to redeem 7.25% 2029 notes, fund DPS acquisition
Kodiak Gas Services, Inc.
- Subsidiary issues $750M senior unsecured notes due 2031 in private placement.
- Proceeds plus cash and ABL facility to redeem all $750M 7.25% Senior Notes due 2029 at 103.625% of par.
- ABL facility also expected to fund the pending $675M acquisition of Distributed Power Solutions (DPS).
- DPS audited 2025 revenue $93.0M, net income $15.4M, total assets $269.5M.
- Pro forma financials included; acquisition expected to close early April 2026 subject to HSR clearance.