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

Stocks in this article: GSJK TTI

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.

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