Kinetik Announces $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
Kinetik Holdings (NYSE: KNTK) has announced that its subsidiary, Kinetik Holdings LP, plans to offer $250 million in 6.625% sustainability-linked senior notes due 2028. These notes are additional to the previously issued $800 million aggregate principal amount under the same terms.
The new notes will be offered under Rule 144A and Regulation S of the Securities Act, exclusively to qualified institutional buyers and non-U.S. persons. The proceeds will be used for general corporate purposes, including repaying a portion of revolving credit facility borrowings.
The interest rate on these notes is linked to Kinetik's performance against sustainability targets outlined in their Sustainability-Linked Financing Framework from May 16, 2022, which received a second party opinion from ISS ESG.
Kinetik Holdings (NYSE: KNTK) ha annunciato che la sua sussidiaria, Kinetik Holdings LP, prevede di offrire 250 milioni di dollari in note senior legate alla sostenibilità con un tasso del 6,625% in scadenza nel 2028. Queste note sono aggiuntive rispetto ai precedenti 800 milioni di dollari di importo principale aggregato emessi alle stesse condizioni.
Le nuove note saranno offerte ai sensi della Regola 144A e della Regolamentazione S del Securities Act, esclusivamente a compratori istituzionali qualificati e a persone non statunitensi. I proventi saranno utilizzati per scopi aziendali generali, inclusa la restituzione di una parte dei prestiti della linea di credito revolving.
Il tasso di interesse su queste note è collegato alle performance di Kinetik rispetto agli obiettivi di sostenibilità delineati nel loro Framework di Finanziamento Legato alla Sostenibilità del 16 maggio 2022, che ha ricevuto un'opinione di seconda parte da ISS ESG.
Kinetik Holdings (NYSE: KNTK) ha anunciado que su filial, Kinetik Holdings LP, planea ofrecer 250 millones de dólares en notas senior vinculadas a la sostenibilidad con un interés del 6,625% que vencerán en 2028. Estas notas son adicionales a los 800 millones de dólares de monto principal agregado previamente emitidos bajo los mismos términos.
Las nuevas notas se ofrecerán bajo la Regla 144A y la Regulación S de la Ley de Valores, exclusivamente a compradores institucionales calificados y personas no estadounidenses. Los ingresos se utilizarán para fines corporativos generales, incluida la reembolso de parte de los préstamos de la línea de crédito revolvente.
La tasa de interés de estas notas está vinculada al rendimiento de Kinetik en relación con los objetivos de sostenibilidad establecidos en su Marco de Financiamiento Vinculado a la Sostenibilidad del 16 de mayo de 2022, que recibió una opinión de segunda parte de ISS ESG.
키네틱 홀딩스 (NYSE: KNTK)는 자회사인 키네틱 홀딩스 LP가 2028년 만기 6.625% 지속 가능성 연결 선순위 채권 2억 5천만 달러를 제공할 계획이라고 발표했습니다. 이 채권은 이전에 발행된 8억 달러의 총 원금 금액에 추가됩니다.
새로운 채권은 증권법의 144A 규칙 및 S 규정에 따라 자격을 갖춘 기관 투자자와 비미국인에게만 제공됩니다. 수익금은 일반 기업 목적에 사용되며, 회전 신용 시설 대출의 일부를 상환하는 데 사용됩니다.
이 채권의 이자율은 2022년 5월 16일에 발표된 키네틱의 지속 가능성 연결 금융 프레임워크에 명시된 지속 가능성 목표에 대한 성과와 연결되어 있으며, ISS ESG로부터 제2자 의견을 받았습니다.
Kinetik Holdings (NYSE: KNTK) a annoncé que sa filiale, Kinetik Holdings LP, prévoit d'offrir 250 millions de dollars en obligations senior liées à la durabilité avec un taux de 6,625% arrivant à échéance en 2028. Ces obligations s'ajoutent aux 800 millions de dollars de montant principal agrégé précédemment émis dans les mêmes conditions.
Les nouvelles obligations seront offertes en vertu de la Règle 144A et de la Réglementation S de la Loi sur les valeurs mobilières, exclusivement aux acheteurs institutionnels qualifiés et aux personnes non américaines. Les produits seront utilisés à des fins corporatives générales, y compris le remboursement d'une partie des emprunts de la ligne de crédit renouvelable.
Le taux d'intérêt de ces obligations est lié à la performance de Kinetik par rapport aux objectifs de durabilité énoncés dans leur Cadre de Financement Lié à la Durabilité du 16 mai 2022, qui a reçu un avis de seconde partie de l'ISS ESG.
Kinetik Holdings (NYSE: KNTK) hat angekündigt, dass ihre Tochtergesellschaft Kinetik Holdings LP plant, 250 Millionen Dollar an nachhaltig verbundenen vorrangigen Anleihen mit einem Zinssatz von 6,625% und einer Laufzeit bis 2028 anzubieten. Diese Anleihen sind zusätzlich zu den zuvor ausgegebenen 800 Millionen Dollar an aggregierten Hauptbeträgen zu denselben Bedingungen.
Die neuen Anleihen werden gemäß Regel 144A und der Regulierung S des Wertpapiergesetzes ausschließlich an qualifizierte institutionelle Käufer und nicht-US-Personen angeboten. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet, einschließlich der Rückzahlung eines Teils der Darlehen aus der revolvierenden Kreditfazilität.
Der Zinssatz dieser Anleihen ist an die Leistung von Kinetik in Bezug auf die in ihrem Rahmen für nachhaltig gebundenes Finanzieren vom 16. Mai 2022 festgelegten Nachhaltigkeitsziele gekoppelt, das eine Zweitmeinung von ISS ESG erhalten hat.
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The Issuer intends to use the net proceeds from this Offering for general corporate purposes, including the repayment of a portion of the borrowings outstanding under our revolving credit facility and to pay related fees and expenses.
The interest rate on the 2028 Notes is linked to Kinetik’s performance against certain targets, which are set forth in the Sustainability-Linked Financing Framework (the “Framework”) published by Kinetik on May 16, 2022. Kinetik obtained a second party opinion (“SPO”) on the Framework from ISS ESG. The Framework and the SPO are available on Kinetik’s website. Information on Kinetik’s website does not constitute a part of, and is not incorporated by reference into, this press release.
The New Notes have not been and will not be registered under the Securities Act or the securities laws of any state and may not be offered or sold in
The New Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and to non-
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Offering may be made only by means of an offering memorandum.
About Kinetik Holdings Inc.
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the
Forward-looking statements
This news release includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “seeks,” “possible,” “potential,” “predict,” “project,” “prospects,” “guidance,” “outlook,” “should,” “would,” “will,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements include, but are not limited to, statements about Kinetik’s future business strategy and plans, expectations, and objectives for Kinetik’s operations, including statements about strategy, synergies, sustainability goals and initiatives and future operations, the Offering and the use of proceeds therefrom. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. See Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future development, or otherwise, except as may be required by law.
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Kinetik Investors:
Alex Durkee
(713) 574-4743
investors@kinetik.com
Source: Kinetik Holdings Inc.
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