|USA Compression Partners, LP Announces Launch of $725 Million Offering of Senior Notes|
The Partnership intends to use the net proceeds of this offering,
together with the net proceeds from a private placement of preferred
units of the Partnership and borrowings under its asset-based revolving
credit facility, to fund the cash purchase price of its previously
announced acquisition of all of the issued and outstanding membership
The notes have not been registered under the Securities Act of 1933, as
amended (the “Securities Act”), or under the securities laws of any
other jurisdiction. Unless they are registered, the notes may be offered
only in transactions that are exempt from registration under the
Securities Act and applicable state securities laws. The notes will be
offered only to qualified institutional buyers under Rule 144A under the
Securities Act and to non-U.S. persons outside
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of an offering memorandum.
Statements in this press release may be forward-looking statements as defined under federal law, including those related to the Partnership’s potential securities offering and the CDM Acquisition. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of the Partnership, and a variety of risks that could cause results to differ materially from those expected by management of the Partnership. The Partnership undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. Known material factors that could cause the Partnership’s actual results to differ materially from the results contemplated by such forward-looking statements are described in the Partnership’s Annual Report on Form 10-K for the fiscal year ended December 31, 2017, which was filed with the Securities and Exchange Commission on February 13, 2018. You should also understand that it is not possible to predict or identify all such factors and you should not consider these factors to be a complete statement of all potential risks and uncertainties.
USA Compression Partners, LP