Kinetik to pay down term loan borrowings with notes proceeds

By Sara Rosenberg

New York, Dec. 15 – Kinetik Holdings LP plans to repay a portion of its term loan using proceeds from a $300 million senior sustainability-linked notes offering, according to a market source.

The notes offering was upsized from $200 million.

Kinetik is a Midland, Tex.-based midstream energy company in the Permian Basin that provides comprehensive gathering, transportation, compression, processing, and treating services.

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