USA Compression Partners $725 million 6.875% high yield offering

23/3/2018

High-yield bond/note issue

Value:

$ 725 million

Status:

Completed

Date:

23/3/2018

Overview:

USA Compression Partners has made a $725 million high yield offering.
The 6.875% senior notes are due 2026.
Proceeds will be used to fund part of the acquisition price of CDM Resource Management and CDM Environmental & Technical Services from Energy Transfer Partners.
JP Morgan Securities and Barclays Capital acted as initial purchasers.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : High yield

Governing law:

United States

Industry sector:

Financial services

Firm:

Simpson Thacher & Bartlett

Party: JP Morgan Securities (Initial purchaser)

Party: Barclays Capital (Initial purchaser)

Lawyer: Arthur Robinson

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