<a href="https://laohu8.com/S/ALTMW">Kinetik Holdings Inc.</a> Secures $1.6 Billion Revolving Credit Facility and $1.15 Billion Term Loan Agreement with PNC Bank and Toronto Dominion
Kinetik Holdings Inc., through its subsidiary Kinetik Holdings LP, has entered into significant new financing agreements, enhancing its financial flexibility. On May 30, 2025, Kinetik Holdings LP finalized a revolving credit agreement with PNC Bank, National Association, and other financial institutions. This agreement provides a $1.6 billion senior unsecured revolving credit facility, with specific sublimits for letters of credit and swingline loans. Concurrently, Kinetik Holdings LP also secured a term loan credit agreement with Toronto Dominion (Texas) LLC, offering a $1.15 billion senior unsecured credit facility. The term loan matures on May 30, 2028, and includes financial covenants requiring Kinetik LP to maintain specific debt ratios. These agreements aim to support Kinetik's growth and operational needs while providing a robust financial structure.
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