8-K - Kodiak Gas Services, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Kodiak Gas Services, LLC issued $1,000,000,000 aggregate principal amount of 5.875% senior unsecured notes due 2031 pursuant to an indenture dated March 20, 2026, with Kodiak Gas Services, Inc. and certain subsidiaries as guarantors and U.S. Bank Trust Company, National Association as trustee. The notes carry semi-annual interest payments starting October 1, 2026, and include covenants limiting dividends, investments, debt incurrence, liens, and asset sales.

Key Takeaways

1Issued $1,000,000,000 principal amount of 5.875% senior unsecured notes due April 1, 2031

2Interest payable semi-annually on April 1 and October 1, commencing October 1, 2026

3Prior to April 1, 2028, redeemable at 100% principal plus make-whole premium or up to 40% from equity proceeds at 105.875%

4On or after April 1, 2028, redemption prices: 102.938% (2028), 101.469% (2029), 100.000% (2030+)

5Covenants restrict distributions, investments, additional indebtedness, liens, asset sales, mergers, and affiliate transactions

6Change of control with rating downgrade triggers repurchase offer at 101% of principal

Current Report Details

Event Type

Material Agreement

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information requi

Material Agreement

2.03

relating to the Notes and the Indenture is included in Item 1.01 of this Current Report on Form 8-K above and is incorporated into this Item 2.03 by reference.

Financing

9.01

Financial Statements and Exhibits. d) Exhibits. No. Description 4.1 Indenture, dated as of March 20, 2026, by and among Kodiak Gas Services, LLC, the guarantors

Exhibits Only

Transaction Details

Material Agreement

Agreement: Indenture
Parties: Kodiak Gas Services, LLC (Issuer), Kodiak Gas Services, Inc. (Guarantor), certain other subsidiary guarantors (Guarantors), U.S. Bank Trust Company, National Association (Trustee)

•$1,000,000,000 aggregate principal amount of 5.875% senior unsecured notes due 2031
•Semi-annual interest at 5.875% on April 1 and October 1 starting October 1, 2026
•Optional redemption prior to April 1, 2028 at 100% plus make-whole or 105.875% for equity-funded up to 40%
•Redemption on/after April 1, 2028 at decreasing premiums: 102.938% (2028), 101.469% (2029), 100.000% (2030+)
•Covenants limit distributions, investments, indebtedness, liens, asset sales, mergers, affiliate transactions
•Events of default include non-payment, covenant breaches, cross-defaults, bankruptcy
•Change of control repurchase at 101% if rating downgraded

Exhibits (2)

4.1

EX-4.1

8-K