Archrock Inc.
Description
Archrock Inc. announced the closing of the previously 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.
Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners, is the 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.