Archrock to repay some credit facility borrowings with notes proceeds

By Sara Rosenberg

New York, Dec. 14 – Archrock Partners LP plans to pay down some credit facility borrowings using proceeds from a $300 million senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general partnership purposes and to pay transaction fees and expenses.

The notes were upsized from $250 million, with the incremental proceeds earmarked for revolver paydown.

Archrock is a Houston-based provider of large horsepower compression services to the midstream sector.

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