Kodiak Gas Services Inc. Issues $1.2 Billion Bonds to Refinance Debt

Kodiak Gas Services Inc. is issuing $1.2 billion in bonds to refinance existing debt. The two-tranche debt instrument sale includes $600 million senior unsecured notes due 2033 with a 6.5% interest and $600 million senior unsecured notes maturing 2035 with a 6.75% interest. Kodiak expects to close the offering on Friday, subject to customary closing conditions. The company will use the net proceeds to repay a portion of the outstanding indebtedness under its revolving asset-based loan credit facility.

Title: Kodiak Gas Services Inc. Issues $1.2 Billion in Bonds to Refinance Debt

Kodiak Gas Services Inc. (NYSE: KGS) has announced the issuance of $1.2 billion in bonds to refinance existing debt. The company's subsidiary, Kodiak Gas Services, LLC, has launched a private offering consisting of two tranches of senior unsecured notes. The first tranche includes $600 million in notes due 2033 with a 6.5% interest rate, while the second tranche comprises $600 million in notes due 2035 with a 6.75% interest rate. The company expects to close the offering on September 5, 2025, subject to customary closing conditions.

The proceeds from the offering will be used to repay a portion of the outstanding indebtedness under Kodiak's revolving asset-based loan credit facility (ABL Facility). In connection with this repayment, Kodiak intends to amend the ABL Facility to reduce total commitments to $2.0 billion and extend the maturity date.

The notes are being offered exclusively to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S, as defined under applicable securities laws. They will not be registered under the Securities Act of 1933, as amended, or under any state or other securities laws and may not be offered or sold within the United States or to or for the account or benefit of any U.S. person absent registration or an applicable exemption from registration requirements.

Kodiak Gas Services is a leading contract compression services provider in the United States, serving 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.

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