Edition:
United Kingdom

Kayne Anderson Acquisition Corp (KAAC.OQ)

KAAC.OQ on NASDAQ Stock Exchange Capital Market

10.11USD
19 Oct 2018
Change (% chg)

$0.01 (+0.10%)
Prev Close
$10.10
Open
$10.13
Day's High
$10.14
Day's Low
$10.10
Volume
42,989
Avg. Vol
56,210
52-wk High
$10.34
52-wk Low
$9.64

Latest Key Developments (Source: Significant Developments)

Kayne Anderson Acquisition Says On Oct 1, Altus Midstream, Subsidiary Of Co, Entered Into A Commitment Letter
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Kayne Anderson Acquisition Corp ::KAYNE ANDERSON ACQUISITION SAYS ON OCT 1, ALTUS MIDSTREAM, SUBSIDIARY OF CO, ENTERED INTO A COMMITMENT LETTER- SEC FILING.KAYNE ANDERSON ACQUISITION - RECEIVED COMMITMENT OF SENIOR UNSECURED REVOLVING CREDIT FACILITY OF UP TO $800 MILLION.  Full Article

Apache Corp, Kayne Anderson Acquisition Announce Agreement To Create Altus Midstream Company
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Apache Corp ::APACHE CORPORATION AND KAYNE ANDERSON ACQUISITION CORP. ANNOUNCE AGREEMENT TO CREATE ALTUS MIDSTREAM COMPANY, A $3.5 BILLION PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP; COMPANIES TO CO-HOST CONFERENCE CALL TO DISCUSS TRANSACTION AT 4 PM CENTRAL TIME AUG. 8.APACHE CORP - ALTUS MIDSTREAM WILL BE A PUBLICLY TRADED, PURE-PLAY, PERMIAN BASIN MIDSTREAM C-CORP.APACHE CORP - WILL OWN ABOUT 71 PERCENT OF ALTUS MIDSTREAM WITH ABILITY TO INCREASE TO ABOUT 74 PERCENT SUBJECT TO PERFORMANCE EARN OUTS.APACHE CORP - UPON EXPECTED CLOSING OF TRANSACTION KAYNE ANDERSON ACQUISITION WILL CHANGE ITS NAME TO ALTUS MIDSTREAM COMPANY.APACHE CORP - NEW COMPANY WILL HAVE NO DEBT AT CLOSING AND CASH ON-HAND WILL BE USED TO FUND ONGOING MIDSTREAM INVESTMENTS.APACHE CORP - ALTUS MIDSTREAM EXPECTS TO HAVE MORE THAN $900 MILLION OF CASH AND NO DEBT AT CLOSING AND IS PROJECTED TO BE FREE-CASH-FLOW POSITIVE BY 2021.APACHE CORP - APACHE WILL RECEIVE 251.9 MILLION SHARES AND OWN 71.1 PERCENT OF ALTUS MIDSTREAM.APACHE - KAAC ENTERED AGREEMENTS TO SELL ABOUT 57.2 MILLION SHARES OF ITS CLASS A COMMON STOCK AT $10/SHARE IN A PRIVATE PLACEMENT.APACHE CORP - ALTUS MIDSTREAM WILL BE STRUCTURED AS A C-CORP WITH NO INCENTIVE DISTRIBUTION RIGHTS.  Full Article

UPDATE 2-Apache, Kayne Anderson form $3.5 bln Permian basin pipeline firm

HOUSTON, Aug 8 U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that will operate in the largest U.S. shale field, the companies announced on Wednesday.

No consensus analysis data available.