USA Compression prices USD 600 million 6.750% senior notes due 2035 to repay credit agreement debt
Bitget2026/09/24 20:32- USA Compression Partners priced USD 600 million of 6.750% senior notes due 2035 under an indenture dated Sept. 18, 2026.
- Proceeds earmarked to repay borrowings under its credit agreement, reducing bank debt following the refinancing.
- Interest starts Sept. 18, 2026 at 6.750%, paid semiannually each April 1 and Oct. 1 starting April 1, 2027.
- Notes carry senior unsecured guarantees from existing subsidiaries, excluding Finance Corp., covering future restricted subsidiaries tied to the credit agreement.
- Early redemption permitted, including a 40% equity claw at 106.750% before Oct. 1, 2029; change-of-control put at 101%.
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