secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2025-08-27T23:59:59+00:00
Accession:  0001193125-25-189871
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USA Compression restructures credit facility to $1.75B ABL, matures 2030 with early triggers
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- New $1.75B asset-based revolving credit facility, matures August 27, 2030.
- Early maturity if >$50M of 6.875% Senior Notes due 2027 outstanding on June 2, 2027, or >$50M of 7.125% Senior Notes due 2029 outstanding on Dec 14, 2028.
- Borrowing base includes 85% of eligible accounts and 80% of net orderly liquidation value of compression units and treating assets.
- Interest margin: Term SOFR plus 1.75%-2.50%, ABR plus 0.75%-1.50%, based on Total Leverage Ratio.
- Financial covenants: Total Leverage ≤5.50x, Interest Coverage ≥2.50x, Secured Leverage ≤3.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000119312525189871/0001193125-25-189871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000119312525189871/d91818d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-189871

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