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Kodiak Gas Services Unit Prices $1 Billion Senior Notes Offering

BY MT Newswires | CORPORATE | 03:38 AM EDT

03:38 AM EDT, 03/12/2026 (MT Newswires) -- Kodiak Gas Services (KGS) said late Wednesday its subsidiary priced a private offering of $1 billion of 5.875% senior unsecured notes due 2031.

The company said it plans to use the proceeds from the offering, expected to close March 20, to redeem its outstanding 7.25% senior notes due 2029 at 103.625% of the $750 million principal, plus accrued interest, with the remaining funds to be used to reduce borrowings under its asset-based lending facility.

Kodiak said it expects to draw on the ABL facility to help fund the acquisition of Distributed Power Solutions.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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