AUSTIN, Texas--(BUSINESS WIRE)--Jan. 14, 2013--
USA Compression Partners, LP (“USA Compression”) announced today the
pricing of its initial public offering of 11,000,000 common units at
$18.00 per unit. The common units are expected to begin trading on the
New York Stock Exchange on January 15, 2013 under the ticker symbol
“USAC.” The underwriters have been granted a 30-day option to purchase
from USA Compression up to an additional 1,650,000 common units, at the
initial public offering price. The offering is expected to close on or
about January 18, 2013, subject to customary closing conditions.
USA Compression intends to use the net proceeds from the offering,
including the net proceeds from any exercise of the underwriters’ option
to purchase additional common units, to repay indebtedness under USA
Compression’s revolving credit facility. Barclays Capital Inc., Goldman,
Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
are acting as joint book-running managers of the offering, with Raymond
James & Associates, Inc., RBC Capital Markets, LLC, UBS Securities LLC
and Evercore Group L.L.C. acting as co-managers.
The offering of these securities is being made only by means of a
prospectus, copies of which may be obtained from the offices of:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 888-603-5847
Email: barclaysprospectus@broadridge.com
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Goldman, Sachs & Co.
Attention: Prospectus Department
200 West Street
New York, New York 10282
Telephone: 866-471-2526
Email: prospectus-ny@ny.email.gs.com
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J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 866-803-9204
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Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: 800-326-5897
Email: cmclientsupport@wellsfargo.com
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A registration statement relating to these securities has been filed
with, and declared effective by, the U.S. Securities and Exchange
Commission (the “SEC”). The registration statement is available on the
SEC’s website at http://www.sec.gov
under the registrant’s name, “USA Compression Partners, LP.” This press
release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described above, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
Forward-Looking Statements
This release contains certain statements that are “forward-looking
statements,” which are any statements that do not relate strictly to
historical facts. These statements can be identified by the use of
forward-looking terminology including “may,” “believe,” “will,”
“expect,” “anticipate,” “estimate,” “continue,” or other similar words.
These statements discuss future expectations, contain projections of
results of operations or of financial condition, or state other
“forward-looking” information. These forward-looking statements involve
risks and uncertainties. When considering these forward-looking
statements, you should keep in mind the risk factors and other
cautionary statements in the prospectus filed with the SEC in connection
with our initial public offering. The risk factors and other factors
noted in our prospectus could cause our actual results to differ
materially from those contained in any forward-looking statement.
Source: USA Compression Partners, LP
USA Compression
Greg Holloway, 512-473-2662