{"schema_version":"secwatch.filing_event.v1","accession":"0001692787-24-000020","form_type":"8-K","ticker":"KNTK","cik":"0001692787","company_name":"Kinetik Holdings Inc.","filed_at":"2024-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.631878+00:00","generated_at":"2026-06-04T01:26:31.433954+00:00","sec_items":["1.01","2.03","5.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Kinetik enters $150M A/R facility, extends term loan maturity to 2026; Ordemann joins board","bullets":["Subsidiary entered $150M A/R securitization with PNC Bank; matures April 2025, borrowing rate SOFR + 90 bps.","Proceeds to repay portion of Term Loan, reducing balance to $1.0B and extending maturity to Dec 8, 2026.","Bill Ordemann appointed to board, replaces Ben Rodgers who resigned; Ordemann brings 38 years midstream experience.","Board remains 11 independent directors; Ordemann to serve on Audit and Governance & Sustainability Committees."],"urls":{"canonical":"https://secwatch.observer/filing/0001692787-24-000020","json":"https://secwatch.observer/filing/0001692787-24-000020.json","markdown":"https://secwatch.observer/filing/0001692787-24-000020.md","text":"https://secwatch.observer/filing/0001692787-24-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/0001692787-24-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/apa-20240402.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:26:31.433954+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":"191d6a425e28f54ff65e0b03ea208133acafe33c","claim":"Kinetik Holdings Inc. incurred debt of up to $150 million with PNC Bank, National Association maturing April 1, 2025.","evidence_excerpt":"On April 2, 2024 (the “ Closing Date ”), Kinetik Holdings LP, a Delaware limited partnership (“ Kinetik LP ”), which is a subsidiary of Kinetik Holdings Inc., a Delaware corporation (the “ Company ”), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $150 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/0001692787-24-000020-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"up to $150 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Maturity","value":"April 1, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f27f7bbb2c","claim":"Ben Rodgers resigned as director at Kinetik Holdings Inc..","evidence_excerpt":"On April 3, 2024, Ben Rodgers notified the Board of Directors (the “Board”) of the Company that he would be resigning as a member of the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/0001692787-24-000020-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"ff07549568","claim":"William Ordemann was appointed as director at Kinetik Holdings Inc..","evidence_excerpt":"On April 3, 2024, the Board appointed William Ordemann to serve as director of the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/0001692787-24-000020-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"61a87d4023247c3d484c66a886656791305bcafa","claim":"Kinetik Holdings Inc. entered into Accounts Receivable Securitization Facility with PNC Bank, National Association valued at $150,000,000 (effective 2024-04-02).","evidence_excerpt":"On April 2, 2024 (the \" Closing Date \"), Kinetik Holdings LP, a Delaware limited partnership (\" Kinetik LP \"), which is a subsidiary of Kinetik Holdings Inc., a Delaware corporation (the \" Company \"), entered into an accounts receivable securitization facility in the aggregate principal amount of up to $150 million (the \" A/R Facility \") to provide additional liquidity and funding for the ongoing business needs of Kinetik LP and its subsidiaries.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692787/000169278724000020/0001692787-24-000020-index.htm","confidence":0.97,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"$150,000,000"},{"label":"Effective","value":"2024-04-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}