Kinetik Holdings Partners with PNC Bank for $150M Accounts Receivable Securitization Facility
Wednesday, 3 April 2024, 20:27
Kinetik Holdings Secures $150M Accounts Receivable Securitization Facility
Kinetik Holdings has successfully secured a significant $150M accounts receivable securitization facility in partnership with PNC Bank. This move is aimed at reducing outstanding borrowings and providing crucial support for the company's growth strategy.
Strategic Financial Initiative
The collaboration between Kinetik Holdings and PNC Bank highlights a strategic financial initiative with potential long-term benefits, reflecting a focused approach towards optimizing capital and enhancing operational efficiencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.