Key Developments: Compressco Partners LP (GSJK.OQ)

GSJK.OQ on NASDAQ Stock Exchange Global Select Market

22.82USD
3:00pm EST
Price Change (% chg)

$-0.15 (-0.65%)
Prev Close
$22.97
Open
$23.11
Day's High
$23.11
Day's Low
$22.71
Volume
8,789
Avg. Vol
44,078
52-wk High
$30.59
52-wk Low
$18.90

Search Stocks

Latest Key Developments (Source: Significant Developments)

Compressco Partners LP announces cash distribution
Monday, 20 Oct 2014 08:14am EDT 

Compressco Partners LP:Declares cash distribution attributable to quarter ended Sept. 30 of $0.46 per outstanding unit.Cash distribution will be paid on Nov. 14.Record date on Oct. 31.  Full Article

Compressco Partners LP announces completion of Compressor Systems Inc Acquisition
Monday, 4 Aug 2014 04:30pm EDT 

Compressco Partners LP:Completed the previously announced purchase of all the outstanding shares of Compressor Systems Inc.Says At the closing of the transaction, Compressco paid $825.0 million in cash for the acquisition, representing the base purchase price.  Full Article

Compressco Partners LP prices private offering of $350 mln senior notes due 2022
Tuesday, 29 Jul 2014 09:00pm EDT 

Compressco Partners LP:Says that the company and its wholly owned subsidiary Compressco Finance Corp., have priced their private offering of $350 million in aggregate principal amount of senior notes due 2022 at a price to investors of 98.508 pct. and with a coupon of 7.25 pct. per annum.Compressco expects the offering of the notes to close on Aug. 4, 2014.Says the notes are offered and sold to qualified institutional buyers in the United States.  Full Article

Compressco Partners LP announces pricing of public offering of 15,280,000 common units
Thursday, 24 Jul 2014 07:15pm EDT 

Compressco Partners LP:Announces pricing of an underwritten public offering of 15,280,000 common units representing limited partner interests in the Partnership, at a public offering price of $23.50 per unit.Says the underwriters of the Common Units Offering have been granted an option to purchase up to an additional 2,292,000 common units within 30 days at the public offering price, less the underwriting discount.Says the Common Units Offering is scheduled to close on July 30, 2014.Says it expects to use the net proceeds from the Common Units Offering to fund a portion of the purchase price and related expenses of its pending acquisition of Compressor Systems, Inc. and the repayment of borrowings under its existing revolving credit agreement.Says the closing of the Acquisition is not a condition to the closing of the Common Units Offering.Says BofA Merrill Lynch, Barclays Capital Inc., Wells Fargo Securities, J.P. Morgan, Raymond James & Associates, Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as joint book-running managers.  Full Article

Compressco Partners LP announces offering of $350 million in aggregate principal amount of senior notes
Sunday, 20 Jul 2014 07:30pm EDT 

Compressco Partners LP:Says that it has commenced a private offering, with its wholly owned subsidiary Compressco Finance Corp., of $350 million in aggregate principal amount of senior notes due 2022.Says the Notes Offering is subject to market conditions, and there can be no assurance as to whether the Notes Offering will be completed or as to the actual size or terms of the Notes Offering.Compressco Partners expects to use the net proceeds from the Notes Offering to fund a portion of the purchase price and related expenses of its pending acquisition of Compressor Systems, Inc. and the repayment of borrowings under its existing revolving credit agreement, if any.Says the closing of the Notes Offering is contingent upon the substantially simultaneous closing of the Acquisition.Says the prior or substantially simultaneous funding of the remaining sources of proceeds for the Acquisition.Says the repayment of borrowings under its existing revolving credit agreement and related expenses.  Full Article

Compressco Partners LP announces transformational $825 million acquisition of Compressor Systems
Sunday, 20 Jul 2014 07:15pm EDT 

Compressco Partners LP:Says that it has entered into a definitive agreement to purchase all the shares of Compressor Systems, Inc. for $825 million in cash.Says this acquisition is expected to increase Compressco's total horsepower offering from about 187,000 to over 1,045,000, and will allow Compressco to utilize an expanded range of compressor packages for compression services to customers.Says it is anticipated that this expansion of Compressco's service offerings will allow the Partnership to participate in the compression market at a broader level.  Full Article

Compressco Partners LP announces offering of 15,280,000 common units
Sunday, 20 Jul 2014 07:00pm EDT 

Compressco Partners LP:Says that it has commenced an underwritten public offering of 15,280,000 common units representing limited partner interests in the Partnership.Says the underwriters of the Common Units Offering will have the option to purchase up to an additional 2,292,000 common units within 30 days of the pricing of the Common Units Offering.Says the Common Units Offering is subject to market conditions, and there can be no assurance as to whether the Common Units Offering will be completed or as to the actual size or terms of the Common Units Offering.Says the Compressco Partners expects to use the net proceeds from the Common Units Offering to fund a portion of the purchase price and related expenses of its pending acquisition of Compressor Systems, Inc. and the repayment of borrowings under its existing revolving credit agreement.Says the closing of the Acquisition is not a condition to the closing of the Common Units Offering.Says BofA Merrill Lynch, Barclays Capital Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as joint book-running managers.BofA Merrill Lynch is acting as the sole representative for the underwriters in the Common Units Offering.  Full Article

Compressco Partners LP declares increased second quarter 2014 cash distribution
Friday, 11 Jul 2014 06:18pm EDT 

Compressco Partners LP:Declares cash distribution attributable to quarter ended June 30, 2014 of $0.4525 per outstanding unit.Distribution will be paid on Aug. 15, 2014 to all unitholders of record as of the close of the business on July 21, 2014.  Full Article

Compressco Partners LP appoints Chairman
Thursday, 8 May 2014 07:45am EDT 

Compressco Partners LP:Appoints Stuart M. Brightman as Chairman of Board of Directors.  Full Article

Compressco Partners LP declares increased first quarter 2014 cash distribution
Monday, 21 Apr 2014 05:22pm EDT 

Compressco Partners LP:Declared a cash distribution attributable to the quarter ended March 31, 2014 of $0.445 per outstanding unit.Distribution will be paid on May 15 to all unitholders of record as of the close of the business on May 1.  Full Article

Search Stocks