debt
confidence high
sentiment positive
materiality 0.70
Archrock upsizes credit facility from $750M to $1.1B; adds new lender group
Archrock, Inc.
- Senior secured ABL revolver increased by $350M; aggregate commitments now $1.1B.
- Swingline sublimit raised to $110M from $75M; letter of credit cap at 20 outstanding.
- Accordion feature expanded from $1.5B to $1.85B, allowing future upsizes.
- Archrock ELT LLC joined as a new guarantor and pledgor under the facility.
- Threshold amounts for certain covenants raised to $145M (from $100M) and $110M.