USA Compression to repay debt under revolver with units proceeds

By Melissa Kory

Cleveland, June 9 - USA Compression Partners, LP said it intends to repay debt under its revolving credit facility with proceeds from its proposed offering of common units, according to filing with the Securities and Exchange Commission.

The revolving credit facility bears interest at a rate of prime or 300 to 375 basis points above Libor, depending on the leverage ratio, and matures in October 2015.

USA Compression is a Dallas-based gas compression leasing and service business.

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