Archrock announces plans to pay down revolver via common units

By Sarah Lizee

Olympia, Wash., Aug. 3 – Archrock Partners, LP plans to use the proceeds of an underwritten public offering of common units to pay down borrowings outstanding under its revolving credit facility.

Archrock noted that it can re-borrow any amounts repaid.

The company is selling 4 million common units from its shelf registration with the Securities and Exchange Commission, according to a press release.

The units closed at $15.34 on Thursday.

The company said the proceeds may also be used for general partnership purposes.

Archrock is a Houston-based provider of natural gas contract compression services.

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