Kodiak Gas Services launches $1 billion senior unsecured notes offering.

Kodiak Gas Services has launched a private offering of $1 billion in senior unsecured notes due in 2033 and 2035. The proceeds will be used to repay a portion of the company's outstanding debt under its revolving asset-based loan credit facility. The offering is part of Kodiak's strategy to optimize its capital structure and improve its balance sheet.

Kodiak Gas Services, Inc. (NYSE: KGS) has announced the launch of a private offering of $1 billion in senior unsecured notes. The offering consists of two tranches: $500 million in notes due in 2033 and $500 million in notes due in 2035. The proceeds from this offering will be used to repay a portion of the company's outstanding debt under its revolving asset-based loan credit facility (ABL Facility).

The company aims to optimize its capital structure and improve its balance sheet by reducing total commitments to $2.0 billion and extending the maturity date of the ABL Facility. The notes will not be registered under the Securities Act of 1933, as amended, or any state or other securities laws 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.

This offering is part of Kodiak's strategy to manage its financial obligations and ensure long-term sustainability. The company has emphasized that the forward-looking statements included in the press release are subject to risks and uncertainties, including changes in assumptions, inaccurate or changed assumptions, and known or unknown risks and uncertainties.

References:
[1] https://www.morningstar.com/news/business-wire/20250829605781/kodiak-gas-services-announces-launch-of-1-billion-senior-unsecured-notes-offering
[2] https://www.businesswire.com/news/home/20250829605781/en/Kodiak-Gas-Services-Announces-Launch-of-%241-Billion-Senior-Unsecured-Notes-Offering
[3] https://www.marketscreener.com/news/kodiak-gas-services-announces-launch-of-1-billion-senior-unsecured-notes-offering-ce7c50d3de8bf62c