HOUSTON – Bracewell LLP represented Apache Midstream LLC, the selling stockholder, in the underwritten public offering of 4 million shares of Kinetik Holdings Inc.’s (NASDAQ: KNTK) Class A common stock, which includes the exercise in full by the underwriters of their option to purchase additional shares in the offering. The shares were sold at a public offering price of $58 per share, for gross proceeds of over $200 million.
The active joint book-running managers for the offering were BofA Securities, J.P. Morgan and Morgan Stanley.
Bracewell lawyers involved in the transaction included:
Partners: Troy L. Harder and Will Anderson
Associates: Jay N. Larry, Caroline E. Ellis and Alexandra C. Crai