MONTGOMERY, Texas, June 20,
2023 /PRNewswire/ -- Kodiak Gas Services, Inc.
("Kodiak," "we," or the "Company") today announced that it has
launched an initial public offering of 16,000,000 shares of its
common stock at an anticipated initial offering price between
$19.00 and $22.00 per share pursuant to a registration
statement on Form S-1 filed with the U.S. Securities and Exchange
Commission (the "SEC"). In addition, Kodiak intends to grant
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 have
been authorized for listing on the New York Stock Exchange under
the ticker symbol "KGS," subject to official notice of
issuance.
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 will be made solely by means of a prospectus,
which, once available, 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 has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. 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 completion, terms or size of the
offering.
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 20,
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
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SOURCE Kodiak Gas Services, Inc.