secwatch.observer — SEC 8-K summary
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Issuer:     Kodiak Gas Services, Inc. (KGS)
CIK:        0001767042
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001767042-25-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kodiak Gas issues $1.2B in senior notes; amends ABL credit facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767042/000176704225000061/0001767042-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767042/000176704225000061/kgs-20250905.htm
  HTML page:      https://secwatch.observer/filing/0001767042-25-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer