USA Compression Partners, LP Announces Launch of $600 Million Offering of Senior Notes
USA Compression Partners (NYSE: USAC) is launching a $600 million private placement of senior unsecured notes due 2035, offered together with its wholly owned subsidiary USA Compression Finance Corp. Net proceeds are earmarked to repay outstanding borrowings under the partnership's credit agreement and to cover offering fees and expenses. The notes will be sold to qualified institutional buyers under Rule 144A and non-U.S.
Key figures
- Deal Value Usd
- 600000000
- Notes type
- senior unsecured
- Notes maturity
- 2035
- Placement type
- private placement (Rule 144A / Regulation S)
- Notes principal
- $600 million
- Use of proceeds
- repay outstanding borrowings under credit agreement and pay offering fees and expenses
AI analysis
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