Kodiak Gas Upsizes Existing Credit Facility with Added $175M in Commitments

Kodiak Gas Services LLC has amended and upsized its existing credit facility with an additional $175 million in commitments. In 2021, Kodiak has now secured several additional lenders to participate in the credit facility with total commitments of $1.875 billion.

In addition to funding continued growth, providing access to more working capital and supporting capital expenditures, the upsized credit facility will be utilized for additional investment in Kodiak’s recently announced technology, EcoView. This is a proprietary data collection and high-fidelity transmission system that monitors emissions and streamlines efficiency for the company’s compression assets.

“The expanded capacity of our credit facility reflects the continued growth of our company and provides Kodiak with increased flexibility and capacity to further our sustainability strategy,” said Mickey McKee, president and chief executive officer of Kodiak. “In a time when energy transition and ESG initiatives are front and center for the industry, gaining access to capital is paramount. Entering a new year, we’re excited to expand our investment across the fleet to enhance emission profiles and the access our customers have to real-time monitoring.”