Kodiak Gas Services issues $1.2 billion in senior notes due 2033 and 2035
Kodiak Gas Services, Inc. (KGS) subsidiary Kodiak Gas Services, LLC issued $600 million of 6.500% senior unsecured notes due 2033 and $600 million of 6.750% notes due 2035 on September 5, 2025. The company also amended its asset-based loan facility, reducing its commitments to $2.0 billion and extending maturity to September 5, 2030, which adds significant new debt to the company's obligations.
Key points
- Two note issues totaling $1.2 billion: $600 million at 6.500% due October 1, 2033 and $600 million at 6.750% due October 1, 2035
- Interest is payable semi-annually on April 1 and October 1, beginning April 1, 2026
- ABL facility commitments reduced to $2.0 billion, with maturity extended to September 5, 2030
- Change of control provisions allow holders to require repurchase at 101% of principal if a rating downgrade follows
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 7:03 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.