Issuer Free Writing Prospectus filed pursuant to Rule 433
Relating to the Preliminary Prospectus Supplement dated November 14, 2024
Registration Statement 333-280737
November 15, 2024
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Press Release |
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Kodiak Gas Services
Announces Pricing of Upsized Offering of Common Stock by Selling Stockholder |
THE WOODLANDS, Texas, November 15, 2024 Kodiak Gas Services, Inc. (NYSE: KGS) (Kodiak or the
Company) today announced the pricing of an upsized underwritten public offering (the Offering) of 5,708,885 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure
IV (the selling stockholder) at a price to the public of $34.50 per share. The selling stockholder granted the underwriters a 30-day option to purchase up to an additional 856,332 shares of
the Companys common stock. Kodiak will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the selling stockholder. The Offering is expected
to close on November 18, 2024, subject to customary closing conditions.
Concurrent with the closing of the Offering, the Company intends to purchase
from the selling stockholder in a private transaction $15 million of common stock, or 434,783 shares, at a price per share equal to the public offering price (the Share Repurchase). The Offering is not conditioned upon the
closing of the Share Repurchase, but the Share Repurchase is conditioned upon the closing of the Offering. The Share Repurchase is being made pursuant to the Companys existing $50.0 million share repurchase program. On November 14, 2024,
the Company announced that its Board of Directors authorized a share repurchase program, beginning on the date thereof and continuing through and including December 31, 2025. After the completion of the Share Repurchase described above, there
will be $35.0 million remaining under the Companys share repurchase program.
Barclays, Goldman Sachs & Co. LLC and J.P. Morgan are
acting as joint book-running managers for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an automatic shelf registration statement on Form S-3 (File No. 333-280737), which was filed with the Securities and Exchange Commission (the SEC) and became effective on July 10, 2024. Before you
invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and
accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained for free on the SECs website at www.sec.gov or by contacting: Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at 1-888-603-5847 or by email at
barclaysprospectus@broadridge.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by
emailing Prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at
prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com
There shall not be any sale of these
securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Investor Contact:
Graham Sones, VP Investor
Relations
ir@kodiakgas.com
(936) 755-3529