Archrock Announces Closing of $500 Million of Senior Notes Offering
(World News USA)

HOUSTON, March 21, 2019 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (`Archrock`) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (`Archrock Partners`), a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.875% senior notes due 2027 (the `Notes`). Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners, is the co-issuer of the Notes. Archrock Partners intends to use the net proceeds of the sale of the Notes to redeem its 6.000% senior notes due 2021 and partially repay outstanding borrowings under its revolving credit facility. ......