Archrock Announces Closing of $700 Million Senior Notes Offering Page 1

HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, LP (“Archrock Partners”), a wholly owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the “Notes”). Archrock Partners Finance Corp. (“Finance Corp.” and, together with Archrock Partners, the “Issuers”), a wholly owned subsidiary of Archrock Partners, is the co-issuer of the Notes. Archrock intends to use the net proceeds from the offering of the Notes to fund a portion of the cash consideration for the previously announced acquisition of 100% of the issued and outstanding membership interests of Total Operations and Production Services, LLC (the “Acquisition”), to fund the previously announced tender offer to purchase for cash up to $200 million aggregate principal amount of the Issuers’ 6.875% senior unsecured notes due 2027, and to pay related fees and expenses. Archrock intends to use the remaining net proceeds for general corporate purposes, including the repayment of indebtedness, including a portion of the outstanding borrowings under Archrock’s revolving credit facility.

The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Archrock

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 manner. Headquartered in Houston, Texas, Archrock is a leading provider of natural gas compression services to energy customers throughout the U.S. and a leading provider of aftermarket services to customers who own compression equipment. To learn more about how Archrock is delivering on its purpose, WE POWER A CLEANER AMERICA, visit www.archrock.com.