KMI KINDER MORGAN, INC.
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Executive Summary
Kinder Morgan amended and restated its existing $3.5 billion revolving credit facility, extending the maturity from August 20, 2026 to May 21, 2031 and increasing swingline loan availability from $50 million to $400 million. This is a routine refinancing that improves liquidity flexibility and removes near-term maturity risk, with no change in facility size or new borrowing.
Actionable Insight
This is a credit-positive technical refinancing that removes a 2026 maturity wall and provides greater short-term borrowing flexibility at no incremental cost. Preferred holders should view this as a modest credit-supportive signal — a smooth refinancing from a large, well-rated midstream issuer. No trading catalyst; monitor upcoming quarterly earnings for any leverage or cash flow updates.
Key Facts
- Amended and restated $3.5 billion revolving credit facility, same principal amount as prior facility
- Maturity extended from August 20, 2026 to May 21, 2031 (5-year extension)
- Swingline loan sublimit increased from $50 million to $400 million
- Barclays Bank PLC serves as administrative agent
- Filed as Items 1.01 (material agreement) and 2.03 (financial obligation creation)
Financial Impact
No new principal borrowed; swingline availability increased by $350 million. No impact on total debt or leverage as no amounts were drawn under the facility.
Risk Factors
- No material change to leverage or credit profile — event is administrative
- Increased swingline cap could theoretically allow more short-term borrowing, but no evidence this is intended or needed
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001506307-26-000049 |
| Document: 0001506307-26-000049-index-headers.html | 0001506307-26-000049 |
| Document: 0001506307-26-000049-index.html | 0001506307-26-000049 |
| Document: 0001506307-26-000049.txt | 0001506307-26-000049 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
17d ago
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8-K
| $50.71 $51.12 | ▲ +0.80% | ▲ +3.32% | $31.94 (−37.01%) |
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Apr 22, 2026
7w ago
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8-K
| $50.27 $50.26 | ▼ −0.02% | ▼ −1.50% | $31.94 (−36.46%) |
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Apr 2, 2026
10w ago
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DEFA14A
| $50.52 $50.50 | ▼ −0.04% | ▼ −3.66% | $31.94 (−36.78%) |
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Feb 28, 2026
15w ago
|
Institutional Cluster
| $33.85 $33.29 | ▼ −1.66% | ▼ −0.45% | $31.94 (−5.63%) |
US Market Status
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