USA Compression’s $725 Million Notes Offering


Simpson Thacher represented J.P. Morgan Securities LLC, Barclays Capital Inc. and the other initial purchasers in connection with the offering by USA Compression Partners, LP (“USA Compression”) and USA Compression Finance Corp. of $725 million aggregate principal amount of 6.875% Senior Notes due 2026. The net proceeds from the offering will be used to fund a portion of the cash purchase price of USA Compression’s acquisition of CDM Resource Management LLC and CDM Environmental & Technical Services LLC from Energy Transfer Partners, L.P.

USA Compression Partners, LP provides compression services. The Company, led by Eric D Long, Matthew C Liuzzi and William G Manias, engineers, designs, operates, services, and repairs its compression units, as well as maintains related support inventory and equipment. USA Compression, in 2017 recorded $1.492 Billion Revenues.

The Simpson Thacher team included Art Robinson (Picture), Sunny Cheong, John O’Connell, Jon Zane and Richie Ragusa (Capital Markets); Rob Holo and Jasmine Hay (Tax); Larry Moss and Jake Phillips (Executive Compensation and Employee Benefits); Mike Isby (Environmental); and Jennie Getsin (Blue Sky).

Involved fees earner: Arthur Robinson – Simpson Thacher & Bartlett; Sunny Cheong – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Jonathan Zane – Simpson Thacher & Bartlett; Richard Ragusa – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Jacob Phillips – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Capital; JP Morgan Securities;

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Author: Ambrogio Visconti