Archrock Announces Closing of $300 Million of Senior Notes Offering
Archrock Announces Closing of $300 Million of Senior Notes Offering
HOUSTON, Dec. 17, 2020 Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $300 million aggregate principal amount of 6.250% senior notes due 2028 (the “New Notes”). Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners (together with Archrock Partners, the “Issuers”), is the co-issuer of the New Notes. The New Notes were 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 have identical terms as the Initial Notes, other than the issue date, and the New
Archrock Announces Upsizing and Pricing of $300 Million of Senior Notes
Archrock Announces Upsizing and Pricing of $300 Million of Senior Notes
HOUSTON, Dec. 14, 2020 Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the pricing of an upsized private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $300 million aggregate principal amount of 6.250% senior notes due 2028 (the “New Notes”) at an issue price of 104.875% of their face value. The size of the offering was increased by $50 million from the previously announced offering size of $250 million. 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 offering is expected to close on December 17, 2020, subject to the satisfaction of customary clos