secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001104659-24-082440
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock prices 11M share offering at $21/share to fund TOPS acquisition
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- Offering of 11,000,000 shares of common stock at $21.00 per share; initial net proceeds ~$223 million.
- Underwriters' 30-day option for 1,650,000 additional shares exercised in full, raising total net proceeds to ~$256.4 million.
- Net proceeds will fund cash portion of the previously announced acquisition of Total Operations and Production Services, LLC (TOPS).
- If TOPS transaction does not close, proceeds will be used for general corporate purposes.
- Closing occurred on July 24, 2024; underwriters include J.P. Morgan, Evercore, Wells Fargo, and Citigroup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924082440/0001104659-24-082440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924082440/tm2419864d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-082440

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