Kinetik

Kinetik Prices Upsized $300 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028

Retrieved on: 
Friday, December 15, 2023
Oil, Gas, Energy, Sale, Issuer, Woman, ISS, NYSE, Senior, Indenture, SPO, Debt-to-GDP ratio, Note, Methane, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $300 million sustainability-linked senior notes due 2028 (the “Senior Notes”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $300 million sustainability-linked senior notes due 2028 (the “Senior Notes”).
  • The Senior Notes were priced at 100.500% of par, plus accrued and unpaid interest from December 6, 2023.
  • The Senior Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15 and December 15 of each year.
  • The Senior Notes are being offered as additional notes under the indenture dated as of December 6, 2023, as may be supplemented from time to time (the “Indenture”), pursuant to which the Issuer has previously issued $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Existing Notes”).

Kinetik Announces $200 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes due 2028

Retrieved on: 
Friday, December 15, 2023
Sustainability, Energy, Environment, Oil, Gas, Sale, Issuer, Woman, ISS, NYSE, Senior, Indenture, SPO, Debt-to-GDP ratio, Note, Methane, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $200 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $200 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
  • The Senior Notes are being offered as additional notes under the indenture dated as of December 6, 2023, as may be supplemented from time to time (the “Indenture”), pursuant to which the Issuer has previously issued $500 million aggregate principal amount of 6.625% Sustainability-Linked Senior Notes due 2028 (the “Existing Notes”).
  • The Senior Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Senior Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class.
  • Kinetik published a Sustainability-Linked Financing Framework (the “Framework”) on May 16, 2022 and obtained a second party opinion (“SPO”) on the Framework from ISS ESG.

Kinetik Announces Pricing of Upsized Secondary Offering of Common Stock

Retrieved on: 
Tuesday, December 12, 2023
Oil, Gas, Energy, Environment, Other Energy, Sustainability, Sale, NYSE, TD Securities, Telephone, Vanderbilt Avenue, Attention, J. P. Morgan, J.P. Morgan & Co., Vesey Street, Morgan Stanley, Goldman Sachs, Truist, BofA Securities, APA Corporation, RBC Capital Markets, Scotiabank, Barclays, KNTK, Equity capital markets, Offering, News, MUFG, Broadridge Financial Solutions, Security (finance), Kinetik, Mizuho

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $31.50 per share.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $31.50 per share.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • The Offering was upsized from the previously announced 6,000,000 shares based on strong investor demand.
  • The Selling Stockholder has granted to the underwriters a 30-day option to purchase up to an additional 975,000 shares of Kinetik’s Class A common stock.

Kinetik Announces Secondary Offering of Common Stock

Retrieved on: 
Monday, December 11, 2023
Oil, Gas, Energy, Environment, Other Energy, Sustainability, Sale, NYSE, TD Securities, Telephone, Vanderbilt Avenue, Attention, J. P. Morgan, J.P. Morgan & Co., Vesey Street, APA Corporation, RBC Capital Markets, Barclays, KNTK, Equity capital markets, Offering, News, Broadridge Financial Solutions, Security (finance), Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • In connection with the Offering, the Selling Stockholder intends to grant to the underwriters a 30-day option to purchase up to an additional 900,000 shares of Kinetik’s Class A common stock.
  • In connection with the Offering, certain of the Company’s officers and directors, including the Chief Executive Officer, have provided an indication of interest in purchasing shares of Class A common stock from the underwriters at the public offering price.

Kinetik Prices $500 Million Sustainability-Linked Senior Notes Offering Due 2028

Retrieved on: 
Monday, December 4, 2023
Energy, Other Energy, Oil, Gas, Sale, Term loan, Issuer, Woman, ISS, NYSE, Hilltop Holdings Inc., SPO, Debt-to-GDP ratio, Note, Methane, Hand, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $500 million sustainability-linked senior notes due 2028 (the “Senior Notes”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced offering of $500 million sustainability-linked senior notes due 2028 (the “Senior Notes”).
  • The Senior Notes were priced at par.
  • The Senior Notes mature on December 15, 2028, pay interest at the rate of 6.625% per year and are payable on June 15 and December 15 of each year.
  • The Senior Notes will be fully and unconditionally guaranteed by Kinetik.

Kinetik Announces $500 Million Sustainability-Linked Senior Notes Offering

Retrieved on: 
Monday, December 4, 2023
Oil, Gas, Energy, Environment, Other Energy, Sustainability, Sale, Term loan, Issuer, Woman, ISS, NYSE, Hilltop Holdings Inc., SPO, Debt-to-GDP ratio, Note, Methane, Hand, Person, SEC Rule 144A, Regulation, KNTK, Offering, News, Security (finance), Framework, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $500 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market and other conditions, $500 million aggregate principal amount of sustainability-linked senior notes due 2028 (the “Senior Notes”) in an offering (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”).
  • The Senior Notes will be fully and unconditionally guaranteed by Kinetik.
  • The interest rate on the Senior Notes will be linked to Kinetik’s performance against sustainability performance targets related to greenhouse gas (“GHG”) and methane emissions reduction targets and the representation of women in corporate officer positions.
  • Kinetik published a Sustainability-Linked Financing Framework (the “Framework”) on May 16, 2022 and obtained a second party opinion (“SPO”) on the Framework from ISS ESG.

Kinetik Reports Third Quarter 2023 Financial and Operating Results

Retrieved on: 
Wednesday, November 8, 2023
Oil, Gas, Natural Resources, Energy, Other Transport, Trucking, Rail, Transport, Mining, Minerals, Permian, Adjustment, PHP, Capital expenditure, NYSE, KNTK, Public expenditure, Growth, Wright Investors' Service Holdings, Inc., Credit, Rail transport by country, Financial services, Kinetik

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2023.
  • “In the third quarter, we achieved processed gas volumes of 1.49 Bcf/d, representing 23% growth year-over-year.
  • We completed construction of the Delaware Link pipeline in September and reached commercial in-service on October 1, 2023.
  • Declared a dividend of $0.75 per share for the quarter ended September 30, 2023, or $3.00 per share on an annualized basis.

Kinetik Announces Third Quarter Dividend and Financial Results Timing

Retrieved on: 
Wednesday, November 1, 2023
Oil, Gas, Natural Resources, Energy, Other Transport, Trucking, Rail, Transport, Mining, Minerals, Transfer, American Benefit Plan Administrators, NYSE, KNTK, Central Time Zone, Dividend, Plan, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Security (finance), Kinetik, Equiniti

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third quarter ended September 30, 2023.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third quarter ended September 30, 2023.
  • Kinetik will host its third quarter 2023 results conference call on Thursday, November 9, 2023 at 8:00 am Central Standard Time (9:00 am Eastern Standard Time) to discuss third quarter results.
  • Kinetik previously implemented a Dividend Reinvestment Plan (the “DRIP” or the “Plan”) open to all shareholders.
  • Shareholders who own common stock through a broker should consult their broker regarding participation in the Plan.

Megan Callahan Joins Welsh, Carson, Anderson & Stowe as an HCIT Operating Partner

Retrieved on: 
Wednesday, November 1, 2023
WCAS, MPH, Public health, SVP, General partnership, Kinetik, Welsh, Carson, Anderson & Stowe, Health informatics, Growth, Transport, UCLA, Patient, Management

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the healthcare and technology industries, announced today that Megan Callahan has joined the Firm as an Operating Partner focused on Healthcare Information Technology (HCIT).

Key Points: 
  • NEW YORK, Nov. 1, 2023 /PRNewswire/ -- Welsh, Carson, Anderson & Stowe (WCAS), a leading private equity firm focused exclusively on the healthcare and technology industries, announced today that Megan Callahan has joined the Firm as an Operating Partner focused on Healthcare Information Technology (HCIT).
  • Ms. Callahan is an accomplished executive with 25 years of experience leading and growing HCIT companies.
  • Before joining WCAS, Ms. Callahan served as the Chief Operating Officer of Twill, overseeing all commercial, clinical, and people functions.
  • Megan's deep experience and proven leadership building next generation HCIT companies makes her a perfect fit for her role at WCAS."

Autofleet to provide an end-to-end NEMT solution that solves three of the industry's most pressing problems with new Kinetik integration

Retrieved on: 
Monday, September 11, 2023
Insurance, Communication, Government, Ecosystem, Partnership, Transport, Head, Software, Ridesharing, Kinetik

BOSTON, Sept. 11, 2023 /PRNewswire/ -- Autofleet, the leading optimization solution for taxi and NEMT services, and Kinetik, the trailblazing healthcare technology company that has built a digitally integrated healthcare transportation infrastructure, are proud to announce the availability of a new offering aimed at addressing three of the most pressing challenges facing the Non-Emergency Medical Transportation (NEMT) sector today.

Key Points: 
  • This collaboration leverages both companies' strengths to offer a fully automated, interoperable solution that will bring transformative changes to the industry.
  • The NEMT industry has long faced significant challenges, including opaque practices and operational inefficiencies ranging from inefficient manifest processing to manual route planning and complex billing.
  • Autofleet and Kinetik's new integration provides a comprehensive solution that tackles these challenges head-on.
  • Providing a robust solution that will allow them to thrive is essential for their continual success.