Kodiak Gas Services, Inc. (NYSE: KGS) has announced the launch of an additional $200 million in aggregate principal amount of 6.500% senior unsecured notes due 2033. The company's subsidiary, Kodiak Gas Services, LLC, is offering these additional notes to be used for repaying a portion of the outstanding indebtedness under the company’s revolving asset-based loan credit facility.
The additional notes are being offered as part of the company’s indenture dated September 5, 2025, and are not registered under the Securities Act of 1933, or under any state or other securities laws. They are being offered only to qualified institutional buyers or non-U.S. persons as defined under applicable securities laws.
Kodiak Gas Services, Inc. is a leading contract compression services provider in the United States, offering contract compression and related services to oil and gas producers and midstream customers. The Woodlands, Texas-based company serves in high-volume gas gathering systems, processing facilities, multi-well gas lift applications, and natural gas transmission systems.
The offering of additional notes signifies the company's strategic financial move to address its outstanding indebtedness and optimize its capital structure. This move may reflect the company's confidence in its ability to service additional debt, possibly indicating positive financial performance or growth prospects. Today the company's shares have moved -0.24% to a price of $32.99. For more information, read the company's full 8-K submission here.
