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Kinetics Reaches New Heights with $400 Million Bond Issuance

Kinetics, an initiative by Karpowership, has announced the successful completion of a senior secured bond issuance worth $400 million, marking a significant achievement in its capital strategy and commitment to growth. This four-year bond, with a maturity date in November 2029, reflects the strong demand from both domestic and international investors spanning several regions, including the Americas, Asia, and Europe. Such interest demonstrates robust confidence in Kinetics’ operational resilience and its expanding portfolio in energy infrastructure, especially its LNG-to-Power and floating technologies.

The proceeds from this bond issuance are earmarked for vital projects including the conversion of Kinetics’ fleet of Liquefied Natural Gas Terminal Ships (LNGTS): the LNGT Oceania, LNGT Türkiye, and LNGT Karadeniz. This initiative is critical for the company's long-term strategy, allowing for ongoing investments in reliable and sustainable power solutions worldwide.

CEO Mehmet Katmer commented on the successful issuance, stating, "This reinforces investor trust in Kinetics' long-term strategy and financial discipline. The capital raised through this bond issuance equips us with the necessary flexibility to grow responsibly while supporting the global energy transition."

This issuance not only provides Kinetics with necessary funds but also solidifies its reputation as a credible player in the international capital markets. To maintain transparency and trust, Kinetics has committed to proactive communication with investors, including regular investor meetings, continuous financial disclosures, and consistent reporting practices.

Bond Issuance Details

• - Issuer: Kinetics LNG Holding Limited
• - Amount: USD 400 million
• - Tenor: 4 years (ending November 2029)
• - Listing: Euronext Nordic ABM
• - Joint Bookrunners: Pareto Securities (Sole Global Coordinator) and Fearnley Securities (Joint Bookrunner)

About Kinetics

Kinetics is dedicated to pioneering cleaner and more flexible energy systems. With a focus on building and operating floating LNG assets and renewable energy platforms, including battery energy storage systems (BESS), Kinetics aims to meet the evolving needs of utilities, governments, and independent power producers. The company’s commitment to innovation, sustainability, and impactful solutions places it at the forefront of redefining energy infrastructure in a world increasingly focused on decarbonization.

Explore more about Kinetics at Kinetics Energies.