This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Compressco Partners, L.P. Announces Public Offering Of 15,280,000 Common Units

OKLAHOMA CITY, Okla., July 20, 2014 /PRNewswire/ -- Compressco Partners, L.P. (Compressco or the Partnership) (NASDAQ: GSJK) announced today that it has commenced an underwritten public offering of 15,280,000 common units representing limited partner interests in the Partnership (the "Common Units Offering"). 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. 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.
Compressco Partners, L.P. Logo.

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. (the "Acquisition") and the repayment of borrowings under its existing revolving credit agreement. The closing of the Acquisition is not a condition to the closing of the Common Units Offering.

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 and BofA Merrill Lynch is acting as the sole representative for the underwriters in the Common Units Offering. The common units will be offered and sold pursuant to an effective shelf registration statement (including a base prospectus) on Form S-3 previously filed with the Securities and Exchange Commission under the Securities Act. Copies of the preliminary prospectus supplement and the base prospectus, and, when available, the final prospectus, for the Common Units Offering may be obtained from:

BofA Merrill LynchAttn: Prospectus Department222 Broadway, New York, New York 10038Email: dg.prospectus_requests@baml.com

Barclays, c/o Broadridge Financial SolutionsAttn: Prospectus Department1155 Long Island Avenue, Edgewood, New York 11717Telephone: (888) 603-5847Email: Barclaysprospectus@broadridge.com

Wells Fargo SecuritiesAttn: Equity Syndicate Department75 Park Avenue, New York, New York 10152Telephone: (800) 326-5897Email: cmclientsupport@wellsfargo.com

J.P. Morgan, c/o Broadridge Financial Solutions Attn: Prospectus Department1155 Long Island Avenue, Edgewood, New York 11717 Telephone: (866) 803-9204

Raymond JamesAttn:  Equity Syndicate880 Carillon Parkway, St. Petersburg, FL 33716Telephone: (800) 248-8863Email: andrea.lanham@raymondjames.com

Credit SuisseAttn: Prospectus Department One Madison Avenue, New York, New York 10010Telephone:  (800) 221-1037Email:  newyork.prospectus@credit-suisse.com

RBC Capital MarketsAttn: Equity Syndicate3 World Financial Center200 Vesey Street, 8th Floor, New York, New York 10281Telephone: (877) 822-4089

You may also obtain these documents for free when they are available by visiting the SEC's web site at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase the common units or any other securities, and does not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,058.35 -469.68 -2.84%
S&P 500 1,913.85 -58.33 -2.96%
NASDAQ 4,636.1050 -140.4030 -2.94%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs