SecProbe.io

Filing text and metadata
Intelligence Terminal Search Probe Scores Topics IPO Watchlist Monthly Activity About API

SEC Company Response from USA Compression Partners, LP (USAC) (CIK 0001522727) (USAC) — Feb 13, 2012

USA Compression Partners, LP (USAC) (CIK 0001522727)
Date: Feb. 13, 2012 · CIK: 0001522727 · Accession: 0001104659-12-009270

AI Filing Summary & Sentiment

Sentiment
Urgency
Document Type
Confidence
SEC Posture
Company Posture

Summary

Reasoning

File numbers found in text: 333-174803

Referenced dates: January 5, 2012

Date
February 13, 2012
Author
/s/ Keith Benson
Form
CORRESP
Company
USA Compression Partners, LP (USAC) (CIK 0001522727)

Letter

811 Main Street, Suite 3700

Houston, TX 77002

Tel: +1.713.546.5400 Fax: +1.713.546.5401

www.lw.com

FIRM / AFFILIATE OFFICES

Abu Dhabi

Moscow

Barcelona

Munich

Beijing

New Jersey

Boston

New York

Brussels

Orange County

Chicago

Paris

Doha

Riyadh

Dubai

Rome

February 13, 2012

Frankfurt

San Diego

Hamburg

San Francisco

Via EDGAR and Hand Delivery

Hong Kong

Shanghai

Houston

Silicon Valley

Securities and Exchange Commission

London

Singapore

Division of Corporation Finance

Los Angeles

Tokyo

100 F Street, N.E.

Madrid

Washington, D.C.

Washington, D.C. 20549-4628

Milan

Attn: Ronald E. Alper, Staff Attorney

Re: USA Compression Partners, LP Amendment No. 3 to Registration Statement on Form S-1 File No. 333-174803 Filed November 18, 2011

Ladies and Gentlemen:

Set forth below is the response of USA Compression Partners, LP, a Delaware limited partnership (the “Partnership”), to the comment received from the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) by letter dated January 5, 2012 with respect to the above referenced Registration Statement (the “Registration Statement”).

Concurrently with the submission of this letter, the Partnership has filed through EDGAR Amendment No. 4 to the Registration Statement (“Amendment No. 4”). For your convenience, four copies of this letter, as well as four copies of Amendment No. 4 marked to show all changes made since the filing of Amendment No. 3 to the Registration Statement, will be hand delivered to your offices.

For your convenience, the response is prefaced by the exact text of the Staff’s corresponding comment in bold text. All references to page numbers and captions correspond to Amendment No. 4, unless otherwise indicated. The response in this letter is based on representations made by the Partnership to Latham & Watkins LLP for the purpose of preparing this letter.

Our Cash Distribution Policy and Restrictions on Distributions, page 47

Assumptions and Considerations, page 55

Selling, general and administrative expense, page 57

1. You state on page 125 that in connection with the closing of this offering, the general partner intends to adopt a 2011 Long-Term Incentive Plan, or LTIP, primarily for the

benefit of your subsidiaries and your general partner’s eligible officers, employees and directors. We assume that you have not included any expense related to these possible LTIP awards since no final decision has been made. If our assumption is correct, please disclose this as one of your assumptions underlying your forecasted amount of operating and administrative expenses so that investors may better understand how a decision on this matter may impact your estimated cash distributions.

Response: The Partnership has revised the disclosure in Amendment No. 4 on page 57 to clarify that expenses related to awards under the LTIP have not been included in the Partnership’s forecasted amount of selling, general and administrative expense.

Please do not hesitate to contact me by telephone at (713) 546-7459 or by fax at (713) 546-5401 or Sean T. Wheeler by telephone at (713) 546-7418 or by fax at (713) 546-5401 with any questions or comments regarding this correspondence.

Very truly yours,
/s/ Keith Benson

Show Raw Text
CORRESP
1
filename1.htm

811 Main Street, Suite 3700

Houston, TX 77002

Tel: +1.713.546.5400 Fax: +1.713.546.5401

www.lw.com

FIRM / AFFILIATE OFFICES

Abu Dhabi

Moscow

Barcelona

Munich

Beijing

New Jersey

Boston

New York

Brussels

Orange County

Chicago

Paris

Doha

Riyadh

Dubai

Rome

February 13, 2012

Frankfurt

San Diego

Hamburg

San Francisco

Via EDGAR and Hand   Delivery

Hong Kong

Shanghai

Houston

Silicon Valley

Securities and Exchange Commission

London

Singapore

Division of Corporation Finance

Los Angeles

Tokyo

100 F Street, N.E.

Madrid

Washington, D.C.

Washington, D.C. 20549-4628

Milan

Attn:                    Ronald E. Alper, Staff Attorney

Re:                             USA Compression Partners, LP
 Amendment No. 3 to Registration Statement on Form S-1
 File No. 333-174803
 Filed November 18, 2011

Ladies and Gentlemen:

Set forth below is the response of USA Compression Partners, LP, a Delaware limited partnership (the “Partnership”), to the comment received from the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission (the “Commission”) by letter dated January 5, 2012 with respect to the above referenced Registration Statement (the “Registration Statement”).

Concurrently with the submission of this letter, the Partnership has filed through EDGAR Amendment No. 4 to the Registration Statement (“Amendment No. 4”).  For your convenience, four copies of this letter, as well as four copies of Amendment No. 4 marked to show all changes made since the filing of Amendment No. 3 to the Registration Statement, will be hand delivered to your offices.

For your convenience, the response is prefaced by the exact text of the Staff’s corresponding comment in bold text.  All references to page numbers and captions correspond to Amendment No. 4, unless otherwise indicated.  The response in this letter is based on representations made by the Partnership to Latham & Watkins LLP for the purpose of preparing this letter.

Our Cash Distribution Policy and Restrictions on Distributions, page 47

Assumptions and Considerations, page 55

Selling, general and administrative expense, page 57

1.                                     You state on page 125 that in connection with the closing of this offering, the general partner intends to adopt a 2011 Long-Term Incentive Plan, or LTIP, primarily for the

benefit of your subsidiaries and your general partner’s eligible officers, employees and directors.  We assume that you have not included any expense related to these possible LTIP awards since no final decision has been made.  If our assumption is correct, please disclose this as one of your assumptions underlying your forecasted amount of operating and administrative expenses so that investors may better understand how a decision on this matter may impact your estimated cash distributions.

Response:  The Partnership has revised the disclosure in Amendment No. 4 on page 57 to clarify that expenses related to awards under the LTIP have not been included in the Partnership’s forecasted amount of selling, general and administrative expense.

Please do not hesitate to contact me by telephone at (713) 546-7459 or by fax at (713) 546-5401 or Sean T. Wheeler by telephone at (713) 546-7418 or by fax at (713) 546-5401 with any questions or comments regarding this correspondence.

Very truly yours,

/s/ Keith Benson

Keith Benson

of Latham & Watkins LLP

cc:                                J. Gregory Holloway, USA Compression Partners, LP

Sean T. Wheeler, Latham & Watkins LLP

Mike Rosenwasser, Vinson & Elkins L.L.P.

E. Ramey Layne, Vinson & Elkins L.L.P.

2