Kinetics Finalizes $400 Million Bond Issuance for LNG Conversion

Kinetics Energies, a Karpowership initiative, has successfully completed a $400 million senior secured bond issuance. This marks a significant step in the company's financial strategy. The transaction received strong interest from investors worldwide, including in the Americas, Asia, and Europe. This demonstrates confidence in Kinetics' business model, which spans energy infrastructure and floating technologies.

The funds will convert three of Kinetics' Liquefied Natural Gas Terminal Ships. This aligns with Kinetics' commitment to sustainable power solutions on a global scale. According to CEO Mehmet Katmer, this issuance reinforces investor trust in the company's strategy.

Kinetics aims to maintain transparency and engagement in the capital markets. This will be achieved through regular investor communications and consistent reporting practices.