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Latham & Watkins Advises Underwriters on Kinetik’s Upsized Secondary Offering of Common Stock

December 12, 2023
Texas-based team advises on the midstream operator’s secondary offering.

Kinetik Holdings Inc. (NYSE: KNTK) (Kinetik) has announced the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock by Apache Midstream LLC, a subsidiary of Apache Corporation, at a price of US$31.50 per share.

Latham & Watkins LLP is representing the underwriters in the offering with a capital markets team led by Houston partner Ryan Maierson and Houston associate Om Pandya, with Austin associate Connor Adams and Houston associates Chris Fanick and Braydon Jones. Advice was also provided on tax matters by Houston partner Tim Fenn, with Houston associates Christine Mainguy and Dominick Constantino; and on environmental matters by Los Angeles/Houston partner Josh Marnitz.