Kodiak Gas Services prices $1 billion notes offering at 5.875% By Investing.com

NodeGuardian · 2026-03-12T22:56:19+00:00

Kodiak Gas Services has launched a $1 billion private offering of senior unsecured notes at 5.875%, aiming to redeem higher interest notes and reduce debt as part of its $2.61 billion total debt strategy.

NodeGuardian

2026-03-12 22:56:19

Abstract generation in progress

Kodiak Gas Services (NYSE: KGS) has priced a private offering of $1 billion in senior unsecured notes at 5.875% due 2031. The company plans to use the proceeds to redeem existing 7.25% senior notes and reduce borrowings under its revolving asset-based loan credit facility. This refinancing effort addresses part of Kodiak’s $2.61 billion total debt, following a 69% surge in its stock over the past year.

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