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

Kodiak Gas Services, Inc.

Issued $600M 6.500% senior unsecured notes due 2033 and $600M 6.750% notes due 2035.
Interest payable semi-annually; notes mature Oct 1, 2033 and Oct 1, 2035 respectively.
Fourth Amendment to ABL credit agreement reduces commitments to $2.0B and extends maturity to Sep 5, 2030.
ABL interest rate margins reduced: Term SOFR + 1.75%-2.50%, prime + 0.75%-1.50% based on leverage ratio.
Cash dominion triggers at availability < $100M; leverage ratio cap temporarily 5.75x after material acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

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

Instrument: senior notes
Principal: $600,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.750%
Maturity: October 1, 2035
Event: incurrence

Exact text from the filing

$600,000,000 in aggregate principal amount of 6.750% senior unsecured notes due 2035

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

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

Instrument: senior notes
Principal: $600,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.500%
Maturity: October 1, 2033
Event: incurrence

Exact text from the filing

issued $600,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2033

View on SEC.gov

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Kodiak Gas Services, Inc. filing history →

Source: SEC EDGAR

accession 0001767042-25-000061

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