USA Compression Partners entered into an eighth amended and restated credit agreement, extending the maturity of its senior secured asset-backed loan facility until August 2030. The credit facility is led by J.P. Morgan and includes 20 financial institutions with a combined commitment of $1.750 billion. This represents an increase of $150 million from the prior ABL facility.
“We are pleased to extend and expand the Amended ABL, which has underpinned the partnership’s growth for more than 20 years,” Chris Paulsen, chief financial officer of USA Compression, said. “The strong participation underscores the market’s confidence in our credit profile and consistent performance. The amended ABL will provide immediate interest savings and positions us well to continue to deliver long-term value to unitholders. We are grateful for the legacy of capital providers, many of which have participated at increasing commitment levels since inception.”
