Seeking Alpha

USA Compression Partners -6.4% on news of 6.6M-unit offering

  • USA Compression Partners (USAC) -6.4% premarket after announcing a public offering of 6.6M common units, including 1M offered by certain selling unitholders, priced at $25.59 each.
  • USAC plans to use the proceeds to reduce debt and for general partnership purposes; it will receive no proceeds from the units sold by the selling unitholders.
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