Simpson Thacher represented the initial purchasers in connection with the 144A/Regulation S offering of $800 million aggregate principal amount of 6.000% Senior Notes due 2034 by Archrock Services, L.P. (“Archrock Services”), a wholly-owned subsidiary of Archrock, Inc. (“Archrock”). Archrock Partners Finance Corp (“Finance Corp.” and, together with Archrock Services, the “Issuers”), a wholly-owned subsidiary of Archrock Services, served as co-issuer. The offering was upsized from $500 million. Archrock intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under Archrock’s revolving credit facility.
Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment.
The Simpson Thacher team included Brian Rosenzweig, Ryan Poché, Andrew Scattergood and Erin Vogt (Capital Markets); Jonathan Cantor and Ruoxi Zhang (Tax); Michael Isby (Environmental); Corina Holland (Intellectual Property); George Gerstein (Executive Compensation and Employee Benefits); Ryan Stalnaker (Regulatory); and Jennie Getsin (FINRA).