EIG Veteran Equity Aggregator Amends USA Compression Partners Stake

TL;DR

**EIG Veteran Equity Aggregator just updated its stake in USA Compression Partners, watch for potential shifts.**

AI Summary

EIG Veteran Equity Aggregator, L.P. filed an Amendment No. 7 to its Schedule 13D on January 24, 2024, regarding its ownership in USA Compression Partners, LP. This filing updates previous disclosures, indicating a change in their beneficial ownership or intent, which is crucial for investors to understand the evolving influence of a major stakeholder. For current or prospective shareholders, this matters because significant changes in a large investor's position can signal shifts in confidence or strategic direction for USA Compression Partners, LP.

Why It Matters

This filing signals an updated position from a major institutional investor, which can influence market perception and potentially the strategic direction of USA Compression Partners, LP.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can introduce uncertainty regarding future company control or strategic decisions, warranting a medium risk assessment.

Analyst Insight

Investors should review the full SC 13D/A filing to understand the specific changes in EIG Veteran Equity Aggregator, L.P.'s beneficial ownership or stated intentions, as this could impact the perceived stability or strategic direction of USA Compression Partners, LP.

Key Players & Entities

• EIG Veteran Equity Aggregator, L.P. (company) — the filing person and a significant investor in USA Compression Partners, LP
• USA Compression Partners, LP (company) — the subject company whose securities are being reported
• Sean Murphy (person) — Chief Compliance Officer for EIG Veteran Equity Aggregator, L.P., authorized to receive notices
• January 24, 2024 (date) — the date of the event requiring this filing

FAQ

Key Financial Figures

• $1,000 — into a number of Common Units equal to $1,000 (plus accrued and unpaid distributions)
• $20.0115 — ed and unpaid distributions) divided by $20.0115. (2) Percentage calculation is based
• $19.59 — re Common Units at an exercise price of $19.59 per unit (the Exercised Warrant)). Each

Filing Documents

• d706738dsc13da.htm (SC 13D/A) — 46KB
• 0001193125-24-016739.txt ( ) — 47KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No. 7 (Amendment No. 7) amends and supplements the statement on Schedule 13D filed by the Reporting Person (as defined below) on February 4, 2019, as previously amended by Amendment No. 1 filed by the Reporting Person on February 1, 2021, Amendment No. 2 filed by the Reporting Person on February 1, 2022, Amendment No. 3 filed by the Reporting Person on May 2, 2022, Amendment No. 4 filed by the Reporting Person on March 3, 2023, Amendment No. 5 filed by the Reporting Person on October 31, 2023 and Amendment No. 6 filed by the Reporting Person on December 21, 2023 (collectively, the Original Statement and, together with this Amendment No. 7, this Statement), relating to the common units (the Common Units) representing limited partnership interests of USA Compression Partners, LP, a Delaware limited partnership (the Issuer), with principal executive offices at 111 Congress Avenue, Suite 2400, Austin, Texas 78701. Except as specifically provided herein, this Amendment No. 7 does not modify any of the information previously reported on the Original Statement. Capitalized terms used but not otherwise defined in this Amendment No. 7 shall have the meanings ascribed to them in the Original Statement.

Identity and Background

Item 2. Identity and Background. No change.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration. No change.

Purpose of Transaction

Item 4. Purpose of Transaction. No change.

Interest in Securities of the

Item 5. Interest in Securities of the Issuer. Items 5(a) and (c) of the Statement is hereby amended and restated with the following: (a) As of the date of this Statement, the Reporting Person beneficially owns an aggregate of 19,339,427 Common Units, or 15.9% of the total number of Common Units outstanding (adjusted to include the Common Units issuable upon conversion of the Preferred Units, as well as the Common Units issued pursuant to the conversion of 33,653.13 Preferred Units on January 12, 2024 (the Converted Preferred Units) and the exercise of a warrant on October 27, 2023 to acquire Common Units at an exercise price of $19.59 per unit (the Exercised Warrant)). Each Preferred Unit is convertible into a number of Common Units equal to $1,000 (plus accrued and unpaid distributions) divided by $20.0115. Common Units which are to be issued upon conversion of the Preferred Units are beneficially owned by the Reporting Person. (c) The following table sets forth the transactions effected by the Reporting Person in the Common Units within the past 60 days. All transactions listed below were effected as open market sales pursuant to Rule 144 under the Securities Act of 1933, as amended. Seller Date of Transaction Number of Common Units Sold Price per Common Unit EIG Veteran Equity Aggregator, L.P. November 27, 2023 39,643 $ 24.3597 EIG Veteran Equity Aggregator, L.P. November 28, 2023 6,980 $ 24.0840 EIG Veteran Equity Aggregator, L.P. November 30, 2023 7,159 $ 24.1136 EIG Veteran Equity Aggregator, L.P. December 1, 2023 6,991 $ 24.0732 EIG Veteran Equity Aggregator, L.P. December 4, 2023 18,278 $ 24.1427 EIG Veteran Equity Aggregator, L.P. December 5, 2023 505 $ 24.0150 EIG Veteran Equity Aggregator, L.P. December 11, 2023 19,283 $ 24.0607 EIG Veteran Equity Aggregator, L.P. December 14, 2023 43,036 $ 24.0940 EIG Veteran Equity Aggregator, L.P. December 15, 2023 63,100 $ 24.2543

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. No change.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits. No change. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 7 is true, complete and correct. Date: January 26, 2024 EIG VETERAN EQUITY AGGREGATOR, L.P. By: EIG Veteran Equity GP, LLC, its general partner By: EIG Asset Management, LLC, its managing member By: /s/ Matthew Hartman Name: Matthew Hartman Title Managing Director By: /s/ Nick Williams Name: Nick Williams Title: Senior Vice President

View Full Filing

View this SC 13D/A filing on SEC EDGAR