Kodiak Gas Services Announces $1.2 Billion Senior Unsecured Notes Offering

Kodiak Gas Services has priced a private offering of $600 million 6.500% senior unsecured notes due 2033 and $600 million 6.750% senior unsecured notes due 2035. The offering is expected to close on September 5, 2025. Kodiak Gas Services is a provider of gas processing and related infrastructure services in the United States.

Kodiak Gas Services, Inc. (NYSE: KGS) has priced a private offering 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 [1][2][3][4].

The company, a leading provider of gas processing and related infrastructure services in the United States, intends to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving asset-based loan credit facility (ABL Facility). In connection with this repayment, Kodiak Gas Services plans to enter into an amendment to the ABL Facility that will reduce total commitments to $2.0 billion and extend the maturity date [1][2][3][4].

The notes, which will be issued at par and guaranteed on a senior unsecured basis by the company and its subsidiaries, are not registered under the Securities Act of 1933, as amended, and may not be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption from registration requirements. The notes are being offered only to qualified institutional buyers under Rule 144A or non-U.S. persons under Regulation S [1][2][3][4].

Kodiak Gas Services is headquartered in The Woodlands, Texas, and serves as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. The company provides 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 [1][2][3][4].

References:
[1] https://www.nasdaq.com/articles/kodiak-gas-services-launches-1-bln-private-notes-offering-due-2033-2035
[2] https://www.businesswire.com/news/home/20250829605781/en/Kodiak-Gas-Services-Announces-Launch-of-%241-Billion-Senior-Unsecured-Notes-Offering
[3] https://seekingalpha.com/news/4491422-kodiak-gas-services-announces-pricing-of-12-billion-notes-offering
[4] https://www.morningstar.com/news/business-wire/20250902432024/kodiak-gas-services-announces-pricing-of-1200000000-senior-unsecured-notes-offering