---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062043"
form_type: "8-K"
ticker: "AROC"
cik: "0001389050"
company_name: "Archrock, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:02:07.003797+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Archrock enters $750M amended asset-based credit facility maturing 2028

## Summary
- Facility replaces existing 2017 credit agreement; total commitments of $750M, expandable by $750M with lender consent.
- Maturity May 16, 2028; earlier if 2027 or 2028 senior notes remain outstanding at certain dates.
- Borrowing base: 85% receivables, 80-95% compression unit book value; interest at Term SOFR +2.00-2.75% or Base Rate +1.00-1.75%.
- Financial covenants: Total Leverage Ratio ≤5.50:1 (falling to 5.25:1 after Q3 2023), Interest Coverage ≥2.50:1, Senior Secured Leverage ≤3.00:1.
- Proceeds for working capital, general corporate purposes; guaranteed by Archrock and domestic subsidiaries, secured by U.S. assets.

## SEC filing metadata
- accession: 0001104659-23-062043
- form_type: 8-K
- ticker: AROC
- cik: 0001389050
- company_name: Archrock, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389050/000110465923062043/0001104659-23-062043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389050/000110465923062043/tm2316175d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062043
- JSON: https://secwatch.observer/filing/0001104659-23-062043.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062043.txt

## Key facts
- Debt Financings
  Archrock, Inc. amended revolving credit of $750 million with JPMorgan Chase Bank, N.A. at Term SOFR plus 2.00% to 2.75% per annum or Alternate Base Rate plus 1.00% to 1.7 maturing May 16, 2028.
  - Instrument: revolving credit
  - Principal: $750 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Term SOFR plus 2.00% to 2.75% per annum or Alternate Base Rate plus 1.00% to 1.7
  - Maturity: May 16, 2028
  - Event: amendment
  source text: The A&R Credit Agreement provides for an asset-based revolving credit facility to be made available to the Borrowers in an aggregate principal amount of $750 million (such credit facility, the “Credit Facility”). The Credit Facility will mature on May 16, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389050/000110465923062043/0001104659-23-062043-index.htm
- Material Agreements
  Archrock, Inc. amended A&R Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $750 million (effective 2023-05-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $750 million
  - Effective: 2023-05-16
  source text: On May 16, 2023 (the “A&R Effective Date”), Archrock, Inc. (“we” or “us”), Archrock Partners Operating LLC and Archrock Services, L.P. ("ASLP" and, together with Archrock Partners Operating LLC, the “Borrowers” and each, a “Borrower”), and certain of our subsidiaries entered into an Amended and Restated Credit Agreement (the “A&R Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), and certain financial institutions as lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389050/000110465923062043/0001104659-23-062043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.