PNC Provides $150MM A/R Securitization Facility to Kinetik
A subsidiary of Kinetik, a Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin, entered into an agreement with PNC Bank for a $150 million accounts receivable securitization facility which will mature in April 2025 with an ongoing renewal mechanism.
April 4, 2024
Kinetik | PNC
Phil Neuffer