debt
confidence high
sentiment neutral
materiality 0.75
Kodiak Gas Services prices $1.0B 5.875% senior notes due 2031; proceeds to redeem existing 7.25% notes
Kodiak Gas Services, Inc.
- Subsidiary priced $1.0B aggregate principal of 5.875% senior unsecured notes due April 1, 2031.
- Net proceeds to redeem all $750M outstanding 7.25% senior notes due 2029 at 103.625% plus accrued interest.
- Remaining proceeds to reduce ABL facility borrowings; ABL also to fund acquisition of Distributed Power Solutions.
- Offering expected to close March 20, 2026, subject to customary conditions.