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Kinetics Successfully Completes $400 Million Bond Issuance

Kinetics, an initiative under Karpowership, has made significant strides in its financial strategy by successfully completing a bond issuance worth $400 million. This transaction, which features a four-year tenure, marks an important milestone in the company's commitment to responsible growth and transparency within the capital markets.

The bond issuance attracted strong interest from both domestic and international investors spanning regions such as America, Asia, and Europe. This overwhelming demand underscores the market's confidence in Kinetics' resilient business model and its expanding global portfolio in energy infrastructure and floating technologies, particularly in the liquefied natural gas (LNG) to power sector.

The funds raised through this bond issuance are earmarked for the retrofitting of three of Kinetics' floating LNG terminal ships: LNGT Oceania, LNGT Türkiye, and LNGT Karadeniz. This strategic move will enable the company to further invest in reliable and sustainable energy solutions on a global scale, aligning perfectly with its vision of fostering energy transition and innovation.

"This successful issuance enhances investor confidence in our long-term strategy and financial discipline," said CEO Mehmet Katmer. "It provides us with the flexibility to responsibly grow while supporting the global energy transition."

With this move, Kinetics solidifies its reputation as a transparent and recognized entity in the international capital markets. The company is committed to actively engaging with investors, holding regular conference calls, disclosing ongoing financial information, and adopting consistent reporting practices. These efforts aim to ensure open communication and foster long-term trust within the investor community.

Bond Issuance Details

• - Issuer: Kinetics LNG Holding Limited
• - Amount: $400 million
• - Tenor: 4 years (maturing in November 2029)
• - Listing: Euronext Nordic ABM
• - Joint Bookrunners: Pareto Securities as sole global coordinator and Fearnley Securities as joint bookrunner

About Kinetics

Kinetics, a Karpowership initiative, is an energy company dedicated to developing cleaner, flexible energy systems. The firm specializes in the construction, development, delivery, and leasing of floating LNG facilities and renewable energy platforms, including Battery Energy Storage Systems (BESS), tailored to meet the evolving requirements of utilities, governments, and independent power producers worldwide.

With a strong commitment to innovation, sustainability, and impact, Kinetics aims to redefine how energy infrastructure is deployed and utilized in a decarbonized world. To learn more, visit Kinetics Energies.