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Kodiak Gas Services Prices $200M Senior Notes

Kodiak Gas Services, Inc. has announced the pricing of an additional $200 million senior unsecured notes offering. The offering consists of $170 million in aggregate principal amount of 6.500% senior unsecured notes due 2033 and $30 million in aggregate principal amount of 6.750% of senior unsecured notes due 2035.

The company's subsidiary, Kodiak Gas Services, LLC, is set to close the offering on September 22, 2025, subject to customary closing conditions. The net proceeds from the offering will be utilized to repay a portion of the outstanding indebtedness under the company’s revolving asset-based loan credit facility.

The additional notes are being offered only to persons who are either reasonably believed to be "qualified institutional buyers" under rule 144a or who are non-"U.S. persons" under regulation s 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.

As of now, the press release did not provide specific metrics or changes since the last period. As a result of these announcements, the company's shares have moved -1.82% on the market, and are now trading at a price of $33.43. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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