Archrock, Inc. 8-K

What Happened
Archrock, Inc. (the Parent), together with Archrock Services, L.P. (the Partnership) and Archrock Partners Finance Corp. (Finance Corp.) (the Issuers), completed a private offering on January 21, 2026 of $800,000,000 aggregate principal amount of 6.000% senior notes due February 1, 2034 (the Notes). The Notes were issued under an indenture dated January 21, 2026 with Regions Bank as trustee and are fully and unconditionally guaranteed on a senior unsecured basis by the Parent and certain subsidiaries (the Guarantors). Interest is payable semi‑annually on February 1 and August 1, beginning August 1, 2026.

Key Details

• Offering size: $800,000,000 aggregate principal amount of 6.000% senior notes due Feb 1, 2034.
• Interest and payments: 6.000% per year; interest paid semi‑annually on Feb 1 and Aug 1, first payment Aug 1, 2026.
• Redemption: Callable prior to Feb 1, 2029 at par plus a make‑whole premium; limited cash redemption (up to 40%) with equity offering proceeds at 106% within 180 days of such offering; scheduled declining call premiums of 103% (2029), 101.5% (2030), and 100% (2031+).
• Covenants and default: Notes are senior unsecured and rank equally with existing/future senior debt; indenture includes customary covenants limiting dividends/stock repurchases, investments, additional debt, liens, asset sales, mergers, affiliate transactions and creation of unrestricted subsidiaries (many covenants will terminate if the Notes obtain an investment‑grade rating from at least two of three major rating agencies). Events of default include nonpayment, covenant breaches, cross‑defaults and certain bankruptcy events; holders can force acceleration in certain cases.
• Change of control: If certain changes of control occur, holders may require repurchase at 101% of principal plus accrued interest.
• The filing furnishes a press release (Exhibit 99.1); the filing does not state a specific use of proceeds.

Why It Matters
This transaction adds $800M of senior unsecured debt to Archrock’s capital structure and locks in a 6.00% coupon through 2034, which will affect future interest expense and leverage metrics. The indenture contains restrictions that could limit share buybacks, dividends and certain corporate actions until covenants terminate (which may occur if the Notes receive investment‑grade ratings). Investors should note the maturity, redemption features, guarantee structure and events of default described in the filing and monitor credit ratings and any disclosures about use of proceeds or changes in leverage.