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. This offering is an expansion of the company's existing indenture, dated September 5, 2025. The net proceeds from the offering are intended 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 not registered under the Securities Act of 1933, as amended, or under any state or other securities laws and may not be offered or sold within the United States, or to or for the account or benefit of any U.S. person, absent registration or an applicable exemption from registration requirements. The offering is being made 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 in high-volume gas gathering systems, processing facilities, multi-well gas lift applications, and natural gas transmission systems.
This announcement marks a strategic move for Kodiak Gas Services, Inc. as it seeks to strengthen its financial position and support its operations and growth initiatives. The market has reacted to these announcements by moving the company's shares 2.87% to a price of $33.935. For the full picture, make sure to review Kodiak Gas Services's 8-K report.
