USA Compression Partners Prices IPO of Common Units Tuesday, January 15, 3:35 PM ET
USA Compression Partners announced today the pricing of its IPO of 11,000,000 common units at $18.00 per unit. The common units are expected to begin trading on the NYSE 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, Goldman, Sachs, J.P. Morgan Securities and Wells Fargo Securities are acting as joint book-running managers of the offering, with Raymond James & Associates, RBC Capital Markets, UBS Securities and Evercore Group acting as co-managers.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.