03:38 AM EDT, 03/12/2026 (MT Newswires) -- Kodiak Gas Services ( KGS ) said late Wednesday its subsidiary priced a private offering of $1 billion of 5.875% senior unsecured notes due 2031.

The company said it plans to use the proceeds from the offering, expected to close March 20, to redeem its outstanding 7.25% senior notes due 2029 at 103.625% of the $750 million principal, plus accrued interest, with the remaining funds to be used to reduce borrowings under its asset-based lending facility.

Kodiak said it expects to draw on the ABL facility to help fund the acquisition of Distributed Power Solutions.