CSI Compressco LP: M&A transaction — Kodiak Gas Services completes acquisition of CSI Compressco; CCLP delisted

CSI Compressco LP

CSI Compressco unitholders received 0.086 Kodiak shares per unit or OpCo units plus Series A preferred.
Change in control: CSI Compressco became wholly owned by Kodiak; all directors and officers resigned.
CCLP common units ceased trading on Nasdaq after April 1, 2024; delisting effective April 2.
All outstanding debt under Spartan/CSI credit agreements repaid; 7.5% First Lien and 10.0%/10.75% Second Lien Notes redeemed.
Partnership merged into Kodiak Services, ceasing separate existence as a public entity.

item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CSI Compressco LP: Amended Certificate of Limited Partnership to reflect name change of General Partner from CSI Compressco GP Inc. to CSI Compressco GP LLC (effective 2024-03-26).

Change: charter amendment
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, the Partnership filed a Certificate of Amendment to the Partnership’s Certificate of Limited Partnership (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware to reflect the change of the General Partner’s name from “CSI Compressco GP Inc.” to “CSI Compressco GP LLC.”

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CSI Compressco LP underwent a change of control involving Kodiak Gas Services, Inc. (closed 2024-04-01).

Action: change of control
Counterparty: Kodiak Gas Services, Inc.
Closing: 2024-04-01

Exact text from the filing

As a result of the Mergers, a change in control of the Partnership occurred on April 1, 2024, and the Partnership became a wholly owned subsidiary of Kodiak Services.

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Source: SEC EDGAR

accession 0001193125-24-083531

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