Kodiak Gas Services Announces Pricing of $1,200,000,000 Senior Unsecured Notes Offering
(NYSE:KGS) THE WOODLANDS, Texas,--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (âKodiakâ or the âCompanyâ) today announced that its subsidiary, Kodiak Gas Services, LLC (the âIssuerâ), priced its previously announced private offering (the âOfferingâ) of $600 million in aggregate principal amount of 6.500% senior unsecured notes due 2033 (the â2033 Notesâ) and $600 million in aggregate principal amount of 6.750% senior unsecured notes due 2035 (the â2035 Notesâ and, together with the 2033 Notes,
Related Questions
How will the proceeds from the $1.2âŻbillion note issuance be allocated and what effect will that have on Kodiakâs leverage and liquidity ratios?
What is the pricing spread and yield on the 6.500% 2033 and 6.750% 2035 notes relative to comparable senior unsecured debt in the midstream sector?
How might this sizable debt offering influence Kodiakâs credit rating outlook and the shortâterm price volatility of KGS stock?