Latham & Watkins Advises Archrock on Upsized Senior Notes Offering and Tender Offer

Archrock, Inc. (NYSE: AROC) (Archrock) has announced the pricing of an upsized private offering by Archrock Partners, L.P. (Archrock Partners), a wholly owned subsidiary of Archrock, of US$700 million aggregate principal amount of 6.625% senior notes due 2032 (the Notes). The Notes were priced at par. The offering is expected to close on August 26, 2024, subject to the satisfaction of customary closing conditions. Archrock Partners Finance Corp. (Finance Corp. and, together with Archrock Partners, the Issuers), a wholly owned subsidiary of Archrock Partners, will serve as co-issuer of the Notes.

Concurrently with the pricing of this offering, the Issuers commenced a tender offer to purchase for cash up to an aggregate principal amount of US$200 million of their 6.875% Senior Unsecured Notes due 2027.

Latham & Watkins LLP represents Archrock in the transactions with a Houston-based team led by partners Ryan Maierson and Nick Dhesi, with assistance from associates Paul Robe, Sydney Verner, Brian Bruzzo, and Tasbiha Batool. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with assistance from associate Dominick Constantino; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with assistance from associate Brandon Kerns; and on employee benefits matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin, with assistance from associate Christina Schrantz.