USA Compression Partners, LP entered into an agreement to issue and sell $600 million of senior unsecured notes. The company expects to receive net proceeds of approximately $592.1 million, which will be used to repay outstanding borrowings under its existing credit agreement.
Key Details
- Offering Size: $600.0 million in aggregate principal amount.
- Note Terms: 6.750% senior notes due 2035, issued at par.
- Use of Proceeds: To repay outstanding borrowings under the Partnership's credit agreement and pay associated fees and expenses.
- Timeline: The sale is expected to close on or about September 18, 2026, subject to customary closing conditions.