Archrock Announces Pricing of $500 Million of Senior Notes

3/7/19

HOUSTON, March 07, 2019 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) today announced the pricing of the previously announced private offering by Archrock Partners, L.P., a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.875% senior notes due 2027 at an issue price of 100% of their face value. The offering is expected to close on March 21, 2019, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp., a wholly-owned subsidiary of Archrock Partners, will serve as 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.

About Archrock

Archrock is an energy infrastructure company with a pure-play focus on midstream natural gas compression. Archrock is the leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. Archrock is headquartered in Houston, Texas, with approximately 1,700 employees. For more information, please visit www.archrock.com.

About Archrock Partners

Archrock Partners is a leading provider of natural gas contract compression services to customers in the oil and natural gas industry throughout the United States. Archrock owns all of the limited and general partnership interests in Archrock Partners. For more information, please visit www.archrock.com.

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