8-K - Kinetik Holdings Inc. | StockGist

AI Analysis

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Kinetik Holdings Inc. amended its accounts receivable securitization facility to extend the termination date to March 30, 2027 and reduce the facility limit to $225 million.

Key Takeaways

1The scheduled termination date of the accounts receivable facility was extended to March 30, 2027.

2The facility limit was reduced to $225,000,000 from its previous unspecified amount.

3The amendment includes a provision allowing the seller to request an increase in the facility limit up to $275,000,000.

4The amendment was executed on March 31, 2026, by Kinetik Receivables LLC, Kinetik Holdings LP, PNC Bank, and other purchasers.

5The agreement is governed by New York law and the seller is responsible for paying related costs and expenses.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

of this Current Report on Form 8-K is incorporated herein by reference. | Item 9.01 | Financial Statements and Exhibits. | |---|---| | | (d) | Exhibits. | |---|

Material Agreement

Source Document

2.03

. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. | |---|---| The information contained in

Financing

Transaction Details

Material Agreement

Agreement: Amendment No. 2 to Receivables Purchase Agreement
Parties: Kinetik Receivables LLC, Kinetik Holdings LP, PNC Bank, National Association, Purchasers

•Extended scheduled termination date to March 30, 2027
•Reduced facility limit to $225,000,000
•Added ability to request facility limit increase up to $275,000,000
•Governed by New York law
•Seller responsible for costs and expenses

Debt / Financing

Instrument: Accounts Receivable Securitization Facility
Principal: 225000000
Maturity: 2027-03-30

Exhibits (2)

10.1

EX-10.1

8-K