Archrock prices $700M of 6.625% Senior Notes due 2032; launches $200M tender for 6.875% Notes due 2027

Archrock, Inc.

Issued $700M aggregate principal of 6.625% Senior Notes due 2032, priced at par; expected to close Aug 26, 2024.
Concurrent tender offer for up to $200M of existing 6.875% Senior Unsecured Notes due 2027; early tender price $1,009/$1,000.
Net proceeds (~$690M) to fund cash consideration for previously announced acquisition of Total Operations and Production Services.
Tender offer is conditioned on closing of new notes; new notes offering not conditioned on acquisition or tender.
Early tender deadline: Aug 23, 2024; withdrawal deadline same date; expiration: Sep 10, 2024.

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