Archrock Plans to Redeem Outstanding Senior Notes for 2027

Archrock’s Senior Notes Redemption Announcement
Archrock, Inc. (NYSE: AROC) has announced an important decision regarding its financial obligations. The energy infrastructure company intends to redeem all of its outstanding senior notes, specifically the 6.875% senior notes that were due in 2027. This move reflects Archrock's strategic management of its financial resources and commitment to sustaining a robust balance sheet.
Key Details of the Redemption
The outstanding amount for these notes totals $300 million. Archrock Partners, L.P., a wholly-owned subsidiary of Archrock, is leading this initiative. The redemption date is set for an upcoming date, allowing note holders to be compensated for their investments.
Redemption Price Structure
On the specified redemption date, the redemption price will be equal to 100% of the principal amount of the notes being redeemed. In addition, note holders will receive any accrued and unpaid interest calculated up to, but not including, the redemption date. This provides an attractive return for investors.
Notice Distribution
To ensure transparency and communication with its investors, Computershare Trust Company, N.A. has been designated as the trustee and paying agent. They will distribute a redemption notice to all registered holders no later than a set date, ensuring that all stakeholders are informed well in advance.
About Archrock and Its Mission
Archrock stands out as a significant player in the energy sector, primarily focusing on midstream natural gas compression. The company's mission is centered around assisting its customers in safely and responsibly producing, compressing, and transporting natural gas. As a leading provider of natural gas compression services across the U.S., Archrock emphasizes environmental responsibility in its operations, aligning with their slogan, WE POWER A CLEANER AMERICA™.
Why This Matters
Redemption of these senior notes is a tactical move for Archrock. It indicates the company's confidence in its financial position and ability to manage capital effectively. Investors and stakeholders may view this positively as it showcases Archrock's strategic planning and commitment to fiscal responsibility amidst the rapidly changing dynamics of the energy sector.
Contact Information
For further information or inquiries, investors can reach out to Megan Repine, the Vice President of Investor Relations, at (281) 836-8360 or through their investor relations email.
Frequently Asked Questions
What are the details of the senior notes Archrock is redeeming?
Archrock is redeeming its 6.875% senior notes due 2027, amounting to $300 million.
When is the scheduled redemption date?
The redemption date for the notes is set for November 17, 2025.
Who will oversee the redemption process?
Computershare Trust Company, N.A. will act as the trustee and paying agent for the redemption of the notes.
What is Archrock's core business focus?
Archrock primarily focuses on midstream natural gas compression and is committed to environmentally responsible energy production and transport.
How can investors contact Archrock for more details?
Investors can contact Megan Repine, VP of Investor Relations, at (281) 836-8360 for inquiries.
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