Kinetik (KNTK) said Friday its unit Kinetik Holdings LP has priced an offering of $250 million 6.625% sustainability-linked senior notes due 2028 at 101.25% of par, plus accrued and unpaid interest from Dec. 15.

Net proceeds will be for general corporate purposes, including the repayment of debt, the company said, adding the offering is expected to close on March 19.

The new notes are being offered as additional notes under an indenture from December 2023 under which the issuer has already issued $800 million of 6.625% sustainability-linked senior notes due 2028, Kinetik said.