Archrock announces private offering of $250 million of senior notes

Houston, dec. 14, 2020 (globe newswire) -- archrock, inc. (nyse: aroc) (“archrock”) today announced that archrock partners, l.p. (“archrock partners”), a wholly-owned subsidiary of archrock, intends, subject to market and other conditions, to offer and sell to eligible purchasers $250 million aggregate principal amount of senior notes due 2028 (the “new notes”). archrock partners finance corp., a wholly-owned subsidiary of archrock partners (together with archrock partners, the “issuers”), will serve as co-issuer of the new notes. the new notes are being offered as additional notes under an indenture, dated december 20, 2019 (the “indenture”), pursuant to which the issuers previously issued $500 million aggregate principal amount of 6.250% senior notes due 2028 (the “initial notes”). the new notes will have identical terms as the initial notes, other than the issue date, and the new notes and the initial notes will be treated as a single class of securities under the indenture. archrock partners intends to use the net proceeds of the sale of the new notes to partially repay outstanding borrowings under its revolving credit facility and for general partnership purposes.
AROC Ratings Summary
AROC Quant Ranking