On April 3, 2026, Kinetik Holdings Inc. disclosed in an 8-K filing that its subsidiary, Kinetik Holdings LP, has entered into an amendment to its accounts receivable securitization facility. This amendment, referred to as Amendment No. 2 to the Receivables Purchase Agreement, was executed on March 31, 2026. The key changes include an extension of the scheduled termination date of the facility to March 30, 2027, and a reduction of the facility limit to $225 million, with the option to request an increase up to $275 million. This amendment follows previous adjustments made to the facility in April 2024 and April 2025. The documentation for the amended facility includes a Receivables Purchase Agreement and outlines the roles of various parties involved, including Kinetik Receivables LLC as the seller and PNC Bank as the administrative agent. The changes are expected to enhance Kinetik's liquidity position and provide more flexibility in managing its receivables.

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