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Kinetics Achieves Successful $400 Million Bond Issuance

In a significant move that underscores its commitment to financial growth and sustainability, Kinetics, an initiative of Karpowership, has successfully completed a $400 million senior secured bond issuance. This issuance is notable for its four-year tenor and has been met with considerable enthusiasm from investors across global markets, including regions such as America, Asia, and Europe. The company aims to enhance its position as a recognized and transparent player in the capital markets.

The bond issuance is not merely a financial milestone but a reflection of the market's confidence in Kinetics' resilient business model and its expanding global portfolio, which focuses on energy infrastructure, gas-to-power conversion, and floating technologies. Such confidence is crucial as the world transitions towards sustainable energy solutions.

Mehmet Katmer, the CEO of Kinetics, expressed optimism regarding this successful bond issuance. He stated that it reinforces investor trust in Kinetics’ long-term strategy and financial discipline. This funding will primarily be directed towards the conversion of Kinetics’ three floating LNG terminal ships, namely LNGT Oceania, LNGT Türkiye, and LNGT Karadeniz. By enhancing these assets, Kinetics aims to further invest in reliable and sustainable energy solutions worldwide.

Investor Engagement and Transparency

Kinetics is committed to maintaining open lines of communication with its investors. This involves regular engagement through conference calls and consistent financial disclosures while adhering to robust reporting practices. Such measures are designed to foster long-term trust and transparency within the investor community.

Technical Details of the Bond Issuance

• - Issuer: Kinetics LNG Holding Limited
• - Amount: $400 million
• - Tenor: 4 years (due November 2029)
• - Listing: Euronext Nordic ABM
• - Bookrunners: Pareto Securities served as the sole global coordinator, with Fearnley Securities acting as a joint bookrunner.

About Kinetics

Kinetics is fundamentally dedicated to developing cleaner and more adaptable energy systems. The company focuses on building, developing, delivering, and leasing floating LNG (Liquefied Natural Gas) assets as well as renewable energy platforms, including Battery Energy Storage Systems (BESS). These initiatives are tailored to accommodate the evolving needs of utilities, government bodies, and independent power producers. As Kinetics continues to innovate, it aims to redefine how energy infrastructure is deployed and accessed in an increasingly decarbonized world.

For additional information about Kinetics and its energy solutions, visit Kinetics Energies.