USA Compression Partners LP Files 8-K

TL;DR

USAC filed an 8-K on March 6th covering March 4th events, including financials and exhibits.

AI Summary

USA Compression Partners, LP filed an 8-K on March 6, 2024, reporting on events that occurred on March 4, 2024. The filing includes information on financial statements and exhibits, as well as other events. The company is based in Austin, Texas, and operates in the natural gas transmission industry.

Why It Matters

This 8-K filing provides updates on the company's financial statements and other significant events, which can impact investor understanding of its current operational status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting on financial statements and other events, with no immediate indication of significant negative developments.

Key Players & Entities

• USA Compression Partners, LP (company) — Registrant
• March 4, 2024 (date) — Earliest event reported
• March 6, 2024 (date) — Date of report
• Austin, Texas (location) — Principal executive offices
• Natural Gas Transmission (industry) — Standard Industrial Classification

FAQ

Key Financial Figures

• $1.0 billion — ssue and sell to the Initial Purchasers $1.0 billion in aggregate principal amount of the Is
• $984.4 million — penses) to the Issuers of approximately $984.4 million. The closing of the issuance and sale o

Filing Documents

• usac-20240304.htm (8-K) — 30KB
• a2029notespricingpressrele.htm (EX-99.1) — 7KB
• image_0.jpg (GRAPHIC) — 39KB
• 0001522727-24-000013.txt ( ) — 220KB
• usac-20240304.xsd (EX-101.SCH) — 2KB
• usac-20240304_lab.xml (EX-101.LAB) — 22KB
• usac-20240304_pre.xml (EX-101.PRE) — 13KB
• usac-20240304_htm.xml (XML) — 3KB

01. Other Information

Item 8.01. Other Information. On March 4, 2024, USA Compression Partners, LP (the "Partnership") and its wholly-owned subsidiary, USA Compression Finance Corp. ("Finance Corp." and together with the Partnership, the "Issuers") entered into a purchase agreement (the "Purchase Agreement"), by and among the Issuers, the subsidiary guarantors party thereto and J.P. Morgan Securities LLC, as representative of the initial purchasers listed in Schedule 1 thereto (collectively, the "Initial Purchasers"), pursuant to which the Issuers agreed to issue and sell to the Initial Purchasers $1.0 billion in aggregate principal amount of the Issuers' 7.125% senior notes due 2029 (the "Notes"). The Notes are guaranteed (the "Guarantees"), jointly and severally, on a senior unsecured basis by the Partnership's existing subsidiaries (other than Finance Corp.) and each of its future restricted subsidiaries that either borrows under, or guarantees, the Partnership's senior secured asset-based revolving credit facility or guarantees certain of the Partnership's other indebtedness (collectively, the "Guarantors"). The Notes and the Guarantees will be sold to the Initial Purchasers at par, and the sale will result in net proceeds (after deducting the Initial Purchasers' discounts and commissions and estimated offering expenses) to the Issuers of approximately $984.4 million. The closing of the issuance and sale of the Notes and the Guarantees is expected to occur on or about March 18, 2024, subject to customary closing conditions. The net proceeds from the issuance and sale of the Notes and the Guarantees will be used to repay a portion of existing borrowings under the Partnership's asset-based revolving credit facility, redeem all of the Issuers' 6.875% senior notes due 2026 and for general partnership purposes. The Notes and the Guarantees will be issued and sold to the Initial Purchasers pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amen

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release dated March 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. USA COMPRESSION PARTNERS, LP By: USA Compression GP, LLC, its General Partner Date: March 6, 2024 By: /s/ Christopher W. Porter Christopher W. Porter Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR