StockNews.AI
KNTK
StockNews.AI
158 days

Kinetik Prices $250 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028

1. Kinetik has priced a $250 million sustainability-linked senior notes offering. 2. The notes have a 6.625% interest rate due in December 2028.

2m saved
Insight
Article

FAQ

Why Bullish?

The successful pricing of new senior notes indicates strong investor confidence, similar to past successful offerings by KNTK that positively influenced market perception and stock prices.

How important is it?

The issuance indicates healthy growth expectations and financial stability for KNTK, reflecting positively on its future stock performance.

Why Long Term?

The long maturity of the notes positions KNTK for potential future investment opportunities and financial stability, similar to other successful debt issuances that enhanced companies' growth strategies over time.

Related Companies

KNTK
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $250 million 6.625% sustainability-linked senior notes due 2028 (the “New Notes”) at 101.25% of par, plus accrued and unpaid interest from December 15, 2024 (the “Offering”). The New Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15.

Related News