Kodiak Gas Services, Inc. announced the pricing of $1,200,000,000 senior unsecured notes.
The notes consist of $600 million in 6.500% senior unsecured notes due 2033 and $600 million in 6.750% senior unsecured notes due 2035.
The offering is expected to close on September 5, 2025.
Offering Details
$1,200,000,000 senior unsecured notes priced with $600 million each of 6.500% and 6.750% due in 2033 and 2035 respectively.
Use of Proceeds
Net proceeds to repay a portion of outstanding indebtedness under the ABL Facility.
Regulatory Compliance
Notes will not be registered under the Securities Act and limited to qualified institutional buyers or non-U.S. persons under Regulation S.
- Kodiak aims to strengthen its financial position by issuing senior unsecured notes.
- The Offering will allow repaying a part of the existing debt under the ABL Facility, potentially reducing financial risk.
The successful pricing of the senior unsecured notes demonstrates investor confidence in Kodiak Gas Services' financial stability and growth potential.