Archrock (AROC) just unveiled an announcement.
Archrock Partners, L.P. and its subsidiary have successfully completed a private offering of $700 million in senior notes, with a 6.625% interest rate, maturing in 2032. These notes are backed by guarantees from certain subsidiaries and the parent company and can be redeemed early under specific terms. The deal includes financial covenants and events of default that could trigger immediate repayment, and it also provides options for repurchasing notes in the event of a change in control. The partnership has also issued a press release detailing the closing and early tender results for the cash tender offer related to its 2027 notes.
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