Kinetik refinances debt with $1.6 billion revolver and $1.15 billion term loan
Kinetik Holdings LP, a subsidiary of Kinetik Holdings Inc., entered two new credit agreements on May 30, 2025, a $1.6 billion revolving credit facility and a $1.15 billion term loan, and used them to repay and terminate its 2022 credit agreements. The filing describes a refinancing of existing debt rather than new spending, with both facilities maturing in 2028 or later and guaranteed by the parent company.
Key points
- Revolving credit facility of $1.6 billion matures May 30, 2030; $465 million was borrowed as of May 30, 2025
- Term loan of $1.15 billion matures May 30, 2028
- Both facilities are guaranteed by Kinetik Holdings Inc. and require net indebtedness to EBITDA of no more than 5.00 to 1.00, or 5.50 to 1.00 during designated acquisition periods
- 2022 revolving and term loan agreements, both dated June 8, 2022, were repaid and terminated
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 June 03, 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.