USA Compression Partners, LP announced the pricing of a private placement of $750.0 million in aggregate principal amount of 6.250% senior unsecured notes due 2033 at par. The offering is expected to close on September 24, 2025, subject to customary closing conditions.
The Partnership estimates it will receive net proceeds of approximately $742.5 million after deducting initial purchasers' discounts and estimated offering expenses. These proceeds, combined with borrowings under its credit agreement, are designated for the redemption of all its 6.875% senior notes due 2027.
This refinancing move aims to optimize the company's capital structure by replacing higher-interest, shorter-term debt with lower-interest, longer-term debt. Pending the full redemption of the 2027 notes, the net proceeds may be temporarily used to repay outstanding borrowings under the credit agreement.
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