Kinetik closes $250 million add-on notes offering priced at 101.25% of par
Kinetik Holdings Inc. completed a $250 million offering of additional 6.625% senior notes due 2028, issued by its subsidiary Kinetik Holdings LP and guaranteed by the parent, with the offering closing March 19, 2025. Proceeds are intended for general corporate purposes, including repaying part of the revolving credit facility, and the lenders under its term loan waived a mandatory prepayment requirement tied to these proceeds. The filing adds $250 million to the company's debt load, on top of $800 million of existing notes with the same terms.
Key points
- $250 million of New Notes priced at 101.25% of par, plus accrued interest from December 15, 2024
- Notes mature December 15, 2028, with the first interest payment due June 15, 2025
- Proceeds to repay a portion of borrowings under the revolving credit facility and pay related fees and expenses
- Term loan lenders waived a mandatory prepayment provision on the offering proceeds
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 March 19, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.