secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001522727-24-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USA Compression issues $1.0B 7.125% senior notes due 2029; proceeds to repay credit facility and redeem 2026 notes
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- $1,000,000,000 aggregate principal of 7.125% senior notes due 2029 issued under Indenture dated March 18, 2024.
- Net proceeds to repay a portion of asset-based revolving credit facility borrowings and redeem all outstanding 6.875% senior notes due 2026.
- Notes are senior unsecured obligations; guaranteed by existing and future restricted subsidiaries; interest payable semi-annually on March 15 and September 15 starting Sept 15, 2024.
- Make-whole redemption prior to March 15, 2026; option to redeem up to 40% of principal with equity offering proceeds at 107.125% of principal.
- Change of control repurchase at 101% of principal if followed by ratings decline, unless notes previously redeemed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000017/0001522727-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000017/usac-20240318.htm
  HTML page:      https://secwatch.observer/filing/0001522727-24-000017

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