Compressco to use $400 million revolver to fund Compressor purchase

By Tali Rackner

Norfolk, Va., July 21 – Compressco Partners, LP said plans to fund a portion of the purchase price and related expenses of its pending acquisition of Compressor Systems, Inc. using its $400 million revolving credit facility, according to a press release.

Oklahoma City-based Compressco provides compression-based production enhancement services to natural gas and oil exploration and production companies.

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