Exterran Holdings, Inc. Announces Closing of Exchange Offer for Its 7.25% Senior Notes Due 2018
Exterran Holdings, Inc. (“Exterran”) (NYSE: EXH) announced today that it has completed its offer to exchange up to $350 million aggregate principal amount of its 7.25% Senior Notes due 2018 which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”) for any and all of its outstanding 7.25% Senior Notes due 2018, which were issued in a private placement (the “Private Notes”).
The registered exchange offer, which expired at 5:00 p.m., New York City time, on Dec. 6, 2011, fulfilled Exterran's obligations regarding the registration of its outstanding Private Notes, which were issued on Nov. 23, 2010. According to a registration rights agreement entered into by Exterran in connection with the sale of the Private Notes, Exterran agreed to file a registration statement with the Securities and Exchange Commission relating to the exchange offer.
Exterran exchanged all of its Exchange Notes for all of the Private Notes that were tendered by the holders of those notes. The Exchange Notes contain substantially identical terms to the Private Notes.
Exterran Holdings, Inc. is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. Exterran serves customers across the energy spectrum—from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has more than 10,000 employees and operates in approximately 30 countries.
For more information, visit www.exterran.com.
All statements, other than statements of historical fact, included in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions, which are more fully described in Exterran's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These risks, uncertainties and assumptions could cause actual results to differ materially from those described in the forward-looking statements. Exterran assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.
Exterran Holdings, Inc.
David Oatman, 281-836-7035 (Investors)
Susan Moore, 281-836-7398 (Media)