NYSE:KGSEnergy Services
Did Kodiak’s US$1.75 Billion Note Issuance and Permian Deal Just Shift Kodiak Gas Services' (KGS) Investment Narrative?
Kodiak Gas Services, LLC recently completed a US$1.00 billion fixed-income offering of 5.875% senior unsecured notes due April 1, 2031, alongside announcing an additional US$750.00 million senior unsecured fixed-rate notes issuance under Regulation S and Rule 144A.
Around the same time, Kodiak acquired over 20,000 horsepower of large compression assets in the Permian Basin under a seven-year service agreement expected to add more than US$7.00 million in annualized revenues, reinforcing its...