Kinetik draws from revolver to redeem series A preferreds

By William Gullotti

Buffalo, N.Y., July 20 – Kinetik Holdings Inc. announced it completed an accelerated redemption of its series A preferreds, completing its capital structure simplification, according to a press release on Wednesday.

The company used cash on hand and drawings from its the $1.25 billion unsecured revolver announced June 8.

Kinetik is midstream provider of gathering, transportation, compression, processing and treating services for producers of natural gas, natural gas liquids, crude oil and water.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.