Archrock, Inc. announced a private offering of $500 million aggregate principal amount of senior notes due 2034.
The net proceeds from the offering will be used to repay a portion of the outstanding borrowings under Archrock's revolving credit facility.
The offering is subject to market and other conditions and will be made to eligible purchasers.
Offering Details
Archrock Services, L.P. intends to offer $500 million in senior notes due 2034, with net proceeds going towards debt repayment.
Notable Partners
Archrock Partners Finance Corp. will serve as a co-issuer of the Notes, enhancing the offering's structure.
Regulatory Compliance
The Notes being offered have not been registered under the Securities Act of 1933, necessitating specific exemptions for the offering process.
- The offering of senior notes aligns with Archrock's strategic financial management by addressing outstanding debt obligations.
- The successful completion of the offering will provide Archrock with additional liquidity for operational and growth opportunities.
Archrock's proactive step in offering senior notes displays a commitment to optimizing its financial structure and enhancing long-term financial flexibility, positioning the company for potential growth and stability in the industry.