secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001104659-24-088577
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924088577/0001104659-24-088577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924088577/tm2421405d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-088577

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer