Archrock (AROC) Prices 11M Share Offering at $21/sh

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Go back to Archrock (AROC) Prices 11M Share Offering at $21/sh

Archrock Announces Pricing of Public Offering of Common Stock

July 23, 2024 7:00 AM EDT

HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (Archrock) announced today the pricing of its underwritten public offering (the offering) of 11,000,000 shares of its common stock (the common stock) at a public offering price of $21.00 per share. The total estimated net proceeds of the offering, after deducting the underwriting discount and estimated offering expenses, are approximately $223 million. The offering is expected to close on July 24, 2024, subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 1,650,000 shares of common stock from Archrock.

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