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HOUSTON & MIDLAND, Texas — Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Firm”) introduced as we speak the pricing of an upsized underwritten secondary providing of 6,500,000 shares of its Class A typical inventory (the “Providing”) by Apache Midstream LLC (the “Promoting Stockholder”), a subsidiary of Apache Company, at a worth of $31.50 per share. Kinetik will not be promoting any shares of Class A typical inventory within the Providing and won’t obtain the proceeds from any sale of shares by the Promoting Stockholder. The Providing was upsized from the beforehand introduced 6,000,000 shares primarily based on sturdy investor demand. The Promoting Stockholder has granted to the underwriters a 30-day choice to buy as much as a further 975,000 shares of Kinetik’s Class A typical inventory.
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In reference to the Providing, sure of the Firm’s officers and administrators, together with the Chief Govt Officer, have agreed to buy an combination of 63,492 shares of Class A typical inventory from the underwriters on the public providing worth.
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J.P. Morgan, Barclays, RBC Capital Markets, and TD Securities are performing as joint lead book-running managers for the Providing. BofA Securities, Capital One Securities, Goldman Sachs & Co. LLC, Mizuho, Morgan Stanley, MUFG, Scotiabank, and Truist Securities are performing as joint book-running managers for the Providing.
The Providing is being made solely via a prospectus complement. When obtainable, a replica of the prospectus complement and the accompanying base prospectuses could also be obtained from J.P. Morgan at J.P. Morgan Securities LLC, c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at 1-866-803-9204, or by electronic mail at prospectus-eq_fi@jpmchase.com; Barclays at Barclays Capital Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, New York 11717, by phone at (888) 603-5847, or by electronic mail at barclaysprospectus@broadridge.com, ; RBC Capital Markets at RBC Capital Markets, LLC, Consideration: Fairness Capital Markets, 200 Vesey Road, New York, New York 10281, by phone at (877) 822-4089, or by electronic mail at equityprospectus@rbccm.com; or TD Securities at TD Securities (USA) LLC, Consideration: Fairness Capital Markets, 1 Vanderbilt Avenue, New York, NY 10017, by phone at (855) 495-9846, or by electronic mail at TD.ECM_Prospectus@tdsecurities.com.
A registration assertion relating to those securities has been filed with and declared efficient by the U.S. Securities and Alternate Fee (the “SEC”). Earlier than investing, potential traders ought to learn the prospectus complement, accompanying base prospectus and the paperwork included by reference therein for extra full details about the Firm and the Providing. An digital copy of the prospectus complement and accompanying base prospectus is offered from the U.S. Securities and Alternate Fee’s web site at www.sec.gov.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any securities, nor shall there be any sale of any securities in any state or jurisdiction during which such provide, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
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About Kinetik Holdings Inc.
Kinetik is a totally built-in, pure-play, Permian-to-Gulf Coast midstream C-corporation working within the Delaware Basin. Kinetik is headquartered in Midland, Texas and has a major presence in Houston, Texas. Kinetik gives complete gathering, transportation, compression, processing and treating companies for firms that produce pure fuel, pure fuel liquids, crude oil and water.
Ahead-looking statements
This information launch contains sure statements that will represent “forward-looking statements” for functions of the federal securities legal guidelines. Ahead-looking statements embody, however aren’t restricted to, statements that check with projections, forecasts or different characterizations of future occasions or circumstances, together with any underlying assumptions. The phrases “anticipate,” “consider,” “proceed,” “might,” “estimate,” “anticipate,” “intends,” “could,” “would possibly,” “plan,” “seeks,” “attainable,” “potential,” “predict,” “undertaking,” “prospects,” “steering,” “outlook,” “ought to,” “would,” “will,” and comparable expressions could determine forward-looking statements, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking. These statements embody, however aren’t restricted to, statements about Kinetik’s future plans, expectations, and goals for Kinetik’s operations, together with statements about technique, synergies, and future operations, sustainability initiatives, and the Providing. Whereas forward-looking statements are primarily based on assumptions and analyses made by us that we consider to be cheap below the circumstances, whether or not precise outcomes and developments will meet our expectations and predictions rely upon a variety of dangers and uncertainties which might trigger our precise outcomes, efficiency, and monetary situation to vary materially from our expectations. See Half I, Merchandise 1A. Threat Elements in our Annual Report on Kind 10-Okay for the 12 months ended December 31, 2022. Any forward-looking assertion made by us on this information launch speaks solely as of the date on which it’s made. Elements or occasions that would trigger our precise outcomes to vary could emerge every now and then, and it’s not attainable for us to foretell all of them. We undertake no obligation to publicly replace any forward-looking assertion, whether or not on account of new info, future improvement, or in any other case, besides as could also be required by regulation.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20231211966833/en/
Contacts
Kinetik Traders:
(713) 487-4832 Maddie Wagner
(713) 574-4743 Alex Durkee
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