HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today announced the pricing of an upsized private offering by Archrock Partners, L.P. ("Archrock Partners"), a wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the "Notes"). The Notes were priced at par. The offering is expected to close on August 26, 2024, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp. ("Finance Corp. and, together with Archrock Partners, the "Issuers"), a wholly-owned subsidiary of Archrock Partners, will serve as co-issuer of the Notes. Concurrently with the pricing of this offering, the Issuers commenced a tender offer (the "Tender Offer") to purchase for cash up to an aggregate principal amount of $200 million of their 6.875% Senior Unsecured Notes due 2027. The Tender Offer is made only by and pursuant to the terms of the Offer to Purchase, dated August 12, 2024. The Tender Offer is conditioned on the consummation of this offering, but this offering is not conditioned upon the completion of the Tender Offer. Archrock intends to use the net proceeds from the offering of the Notes to fund a portion of the cash consideration for the previously announced acquisition of 100% of the issued and outstanding membership interests of Total Operations and Production Services, LLC (the "Acquisition"), to fund the Tender Offer and to pay related fees and expenses. Archrock intends to use any remaining net proceeds for general corporate purposes, which may include the repayment of indebtedness, including a portion of the outstanding borrowings under Archrock's revolving credit facility. The Acquisition is not conditioned on the consummation of the offering and the offering is not conditioned on the consummation of the Acquisition. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may ...