CSI Compressco to repay and terminate revolver using note proceeds

By Sarah Lizee

Olympia, Wash., March 5 – CSI Compressco LP plans to repay all of the outstanding borrowings under its existing revolving facility and terminate the facility using proceeds from an offering of $350 million senior secured first-lien notes due 2025, according to a press release.

Proceeds will also be used for general partnership purposes, including the expansion of its compression fleet.

The Midland, Texas-based company is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage.

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