MONTGOMERY, Texas, June 28,
2023 /PRNewswire/ -- Kodiak Gas Services, Inc.
("Kodiak," "we," or the "Company") today announced that it priced
its initial public offering of 16,000,000 shares of its common
stock at a price to the public of $16.00 per share. In addition, Kodiak
granted the underwriters a 30-day option to purchase up to an
additional 2,400,000 shares of common stock at the initial public
offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the New York Stock
Exchange ("NYSE") on June 29, 2023
under the ticker symbol "KGS." The offering is expected to close on
July 3, 2023, subject to the
satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC, J.P. Morgan and Barclays are
serving as lead book-running managers for the offering. BofA
Securities, Raymond James, RBC
Capital Markets, Stifel, Truist Securities and TPH&Co., the
energy business of Perella Weinberg Partners, are serving as
book-running managers. Comerica Securities, Fifth Third Securities,
Inc., Regions Securities LLC, Texas Capital Securities, AmeriVet
Securities, Guzman & Company, R. Seelaus & Co., LLC and
Siebert Williams Shank are serving
as co-managers for the offering.
The offering is being made solely by means of a prospectus,
which may be obtained from:
Goldman Sachs & Co. LLC
Attn: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
prospectus-ny@ny.email.gs.com
J.P. Morgan Securities LLC
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204
prospectus-eq_fi@jpmchase.com
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
on June 28, 2023. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Kodiak Gas Services, Inc.
Kodiak Gas Services, Inc. is a leading operator of contract
compression infrastructure in the United
States with a revenue-generating fleet of approximately 3.2
million horsepower as of March 31,
2023. The Company focuses on operating large horsepower
compression units under stable, fixed-revenue contracts with
blue-chip upstream and midstream customers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Forward-looking statements can be identified by words
such as: "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods.
Examples of forward-looking statements include, among others,
statements we make regarding the closing of the offering and
trading of Kodiak's common stock on the NYSE.
Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Our actual results and financial condition
may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause our
actual results and financial condition to differ materially from
those indicated in the forward-looking statements include, among
others, factors as discussed throughout the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" sections of the Registration Statement on
Form S-1 we filed with the SEC on June 27,
2023.
Any forward-looking statement made by us in this press release
is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking statement whether as a
result of new information, future developments or otherwise.
Investor Relations/Media Contact:
Graham Sones, VP of Investor Relations
ir@kodiakgas.com
(936) 755-3259
View original
content:https://www.prnewswire.com/news-releases/kodiak-gas-services-inc-prices-initial-public-offering-301866415.html
SOURCE Kodiak Gas Services, Inc.