Kistos places $50 million bond tap to expand liquidity
Kistos ($KIST) placed an additional $50 million of senior secured bonds under its existing issue due in May 2030. The debt carries a 9.875% coupon and was priced at 101.10% of face value, corresponding to a 9.5% yield. The transaction would increase the amount outstanding under the bond issue to $350 million, with proceeds intended for general corporate purposes and continued growth. The energy company expects liquidity of $250–300 million after settlement, alongside cash generation from its unh