Kinetik prices $1.0 billion sustainability-linked senior notes offering due 2030

Houston and midland, texas, june 01, 2022 (globe newswire) -- kinetik holdings inc. (nasdaq: kntk) (“kinetik”) today announced that its subsidiary, kinetik holdings lp (the “issuer”), has priced its previously announced offering of $1.0 billion sustainability-linked senior notes due 2030 (the “senior notes”) at 99.588% of par. the senior notes mature on june 15, 2030, pay interest at the rate of 5.875% per year and are payable on june 15 and december 15 of each year. the first interest payment will be made on december 15, 2022. the senior notes are fully and unconditionally guaranteed by kinetik.
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