USA Compression Partners, LP agreed to sell $600.0 million of 6.750% senior unsecured notes due 2035 at par, generating approximately $592.1 million in net proceeds. The proceeds are designated for outstanding borrowings under its Credit agreement and offering-related fees and expenses, while existing and qualifying future subsidiaries will provide guarantees.

Key Highlights

  • The notes carry a 6.750% rate and mature in 2035.
  • USA Compression Partners expects the transaction to close on or about September 18, 2026.
  • Existing subsidiaries and certain future restricted subsidiaries will jointly and severally guarantee the notes.

The notes are being sold at par, with approximately $592.1 million expected in net proceeds after discounts, commissions and estimated offering expenses.

Senior Notes Carry Subsidiary Guarantees

The initial purchasers intend to resell the securities privately to qualified institutional buyers in the United States and to non-U.S. Persons in transactions outside the United States.

Proceeds Target Credit Agreement Borrowings

USA Compression Partners (NYSE: USAC) plans to direct the net proceeds toward repayment of outstanding borrowings under its credit agreement and payment of fees and expenses connected with the offering. Affiliates of certain initial purchasers serve as lenders, agents, lead arrangers or bookrunners under that credit agreement, meaning those affiliates will receive part of the proceeds used for repayment. The purchase agreement includes customary representations, warranties, covenants, indemnification and contribution obligations.