Service Compression, LLC (“Service Compression” or “SC”), a leading provider of natural gas compression services to exploration and production companies, today announced the successful upsize of its asset‑based loan (ABL) credit facility to $400 million, representing a $100 million increase from the prior facility. The upsized facility closed on [December 17, 2025], and is led by J.P. Morgan.
The expanded facility enhances SC’s financial flexibility to support continued fleet growth, invest in next‑generation technologies, and meet sustained customer demand across its core operating basins. The transaction reflects the Company’s strong operating performance, high‑quality asset base, and disciplined approach to capital allocation.
“This $100 million facility upsize is a strong validation of the durability of our platform and the confidence our partners have in our strategy,” said Rhett Newberry, Chief Executive Officer of SC. “With continued support from J.P. Morgan, Warburg Pincus, and Masked Rider Capital, we are well positioned to scale our fleet, invest in technology, and continue delivering reliable, high-performance solutions to our customers.”
The upsized facility builds on SC’s long‑standing partnership with J.P. Morgan and is supported by the Company’s equity sponsors, Warburg Pincus and Masked Rider Capital. Together, these partnerships have enabled SC to scale its platform while maintaining a focus on operational excellence, reliability, and innovation.
Meeting Customer Demand Through Scale and Innovation
SC continues to experience robust demand across its fleet of gas and electric compression units, driven by customer preference for high‑reliability equipment, proactive service, and emissions‑conscious solutions. The additional capital will allow SC to expand in key markets, accelerate deployment of new assets, and further invest in proprietary technology designed to optimize uptime and performance.
SC remains committed to advancing compression solutions that improve operational efficiency while supporting sustainability initiatives. The Company’s electric and gas compression offerings are designed to deliver enhanced reliability, reduced emissions, and compliance with evolving regulatory standards.