Archrock Inc.

Description

Archrock Inc. announced private offering by Archrock Partners LP, a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.875% senior notes due 2027 at an issue price of 100% of their face value. The offering is expected to close on March 21, 2019, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners, will serve as co-issuer of the Notes. Archrock Partners intends to use the net proceeds of the sale of the notes to redeem its 6% senior notes due 2021 and partially repay outstanding borrowings under its revolving credit facility.

Click here to go back to the search page
Companies
Estimated Price
$500.0MM
Financing Type
Report Date