secwatch.observer — SEC 8-K summary
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Issuer:     Archrock, Inc. (AROC)
CIK:        0001389050
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001104659-24-094056
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archrock upsizes credit facility from $750M to $1.1B; adds new lender group
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924094056/0001104659-24-094056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389050/000110465924094056/tm2422922d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-094056

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