Kinetik Holdings Inc.


Launched an offering of sustainability-linked senior notes due 2030 priced at 99.588% of par. The notes pay interest at the rate of 5.875% per year and are payable on June 15 and Dec. 15 of each year beginning on Dec. 25, 2022. The interest rate on thenotes is linked to Kinetik’s performance against sustainability performance targets related to GHG and methane emissions reduction targets and the representation of women in corporate officer positions. The targets are set forth in Kinetik’s recently published sustainability-linked financing framework. Proceeds will be used, together with borrowings under a new three-year term loan facility with a group of commercial banks, to refinance all of its existing consolidated indebtedness.

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