debt
confidence high
sentiment positive
materiality 0.65
USA Compression issues $750M 6.250% senior notes due 2033 to refinance 6.875% notes due 2027
USA Compression Partners, LP
- Issued $750M aggregate principal of 6.250% senior notes due 2033, guaranteed by existing subsidiaries.
- Net proceeds, with credit agreement borrowings, will redeem all outstanding 6.875% senior notes due 2027.
- Interest payable semi-annually on April 1 and October 1, commencing April 1, 2026.
- Notes callable at 106.250% of par with equity clawback prior to Oct 2028; make-whole premium until then.
- Change-of-control repurchase obligation at 101% of principal plus accrued interest if ratings decline.
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