AROC - Archrock readies $250M senior notes offering

Archrock (AROC) +3.1% PM, announced that Archrock Partners, wholly-owned subsidiary of Archrock, plans to offer and sell to eligible purchasers $250M principal amount of senior notes due 2028.Archrock Partners Finance, a wholly-owned subsidiary of Archrock Partners, will serve as co-issuer of the new notes.New Notes are being offered as additional notes under an indenture, dated Dec. 20, 2019, post which the issuers earlier issued $500M aggregate principal amount of 6.250% senior notes due 2028.New Notes will have identical terms as the initial notes.Archrock Partners will use the proceeds for partially repaying outstanding borrowings under its revolving credit facility and for general partnership purposes.

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Archrock readies $250M senior notes offering