EIG Veteran Equity Aggregator Amends USA Compression Partners Filing

TL;DR

EIG updated its stake in USA Compression Partners, LP. Watch this space.

AI Summary

EIG Veteran Equity Aggregator, L.P. filed an amendment (No. 8) to its Schedule 13D on April 4, 2024, regarding USA Compression Partners, LP. The filing indicates a change in beneficial ownership of the common units representing limited partner interests.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of USA Compression Partners, LP, which could impact its market valuation and future operations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• EIG Veteran Equity Aggregator, L.P. (company) — Filing entity
• USA Compression Partners, LP (company) — Subject company
• Sean Murphy (person) — Authorized to receive notices

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

Filing Documents

• d815144dsc13da.htm (SC 13D/A) — 32KB
• 0001193125-24-089637.txt ( ) — 33KB

From the Filing

SC 13D/A 1 d815144dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES ACT OF 1933 (Amendment No. 8) USA Compression Partners, LP (Name of issuer) Common Units Representing Limited Partner Interests (Title of class of securities) 90290N109 (CUSIP number) Sean Murphy, Chief Compliance Officer c/o EIG Veteran Equity Aggregator, L.P. 600 New Hampshire Ave NW, STE. 1200 Washington, DC 20037 (202) 600-3304 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 4, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (1) Names of Reporting Person EIG Veteran Equity Aggregator, L.P. (2) Check the appropriate box if a member of a group (see instructions) (a)(b) (3) SEC use only (4) Source of funds (see instructions) OO (5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) (6) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (7) Sole voting power 13,450,129 (1) (8) Shared voting power 0 (9) Sole dispositive power 13,450,129 (1) (10) Shared dispositive power 0 (11) Aggregate amount beneficially owned by each reporting person 13,450,129 (1) (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) (13) Percent of class represented by amount in Row (11) 11.0% (2) (14) Type of reporting person (see instructions) PN (1) As of April 4, 2024, EIG Veteran Equity Aggregator, L.P. holds (i) 151,439.0635 Series A Perpetual Preferred Units (the Preferred Units), which are convertible for an aggregate of 7,567,601 Common Units and (ii) 5,882,528 Common Units. Each Preferred Unit may be converted into a number of Common Units equal to $1,000 (plus accrued and unpaid distributions) divided by $20.0115. (2) Percentage calculation is based on the number of Common Units outstanding as of February 8, 2024, as reported in the Issuers Annual Report on Form 10-K filed on February 13, 2024, adjusted to include the Common Units issuable upon conversion of the Preferred Units, as well as the Common Units issued pursuant to the Converted Preferred Units (as defined below). Item1. Security and Issuer. This Amendment No. 8 (Amendment No. 8) 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, Amendment No. 6 filed by the Reporting Person on December 21, 2023 and Amendment No. 7 filed by the Reporting Person on January 26, 2024 (collectively, the Original Statement and, together with this Amendment No. 8, 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. 8 does not modify any of the information previously reported on the Original Statement. Capitalized terms used but not otherwise defined in this Amendment No. 8 shall have the meanings ascribed to them in the Original Statement. Item2. Identity and Background. No change. Item3. Source and Amount of Funds or Other Consideration. No change. Item4. Purpose of Transaction. No change. Item5. Interest in Securities of the Issuer. Items 5(a) and (c) of the Statement is hereby amended and restated with

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