HOUSTON, Nov 12, 2010 (BUSINESS WIRE) --
Exterran Holdings, Inc. (NYSE:EXH) today announced that it has commenced
an offering, through a private placement, of $350.0 million of senior
notes due 2018. Exterran intends to use the net proceeds of the proposed
offering to repay amounts outstanding under its asset-backed
securitization facility and under its senior secured credit facility.
The notes are being offered inside the United States to qualified
institutional buyers in reliance on Rule 144A under the Securities Act
of 1933, as amended (the "Securities Act"), and outside the United
States to non-U.S. persons in reliance on Regulation S under the
Securities Act.
The notes and the guarantees thereof have not been registered under the
Securities Act or any state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption
from registration requirements under the Securities Act and any
applicable state securities laws.
This press release is neither an offer to sell nor the solicitation of
an offer to buy the notes or any other securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in which,
or to any persons to whom, such an offer, solicitation or sale is
unlawful.
Forward-Looking Statements
All statements in this release (and oral statements made regarding the
subjects of this release) other than historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. You can identify many of these statements
by looking for words such as "believes," "expects," "intends,"
"projects," "anticipates," "estimates" or similar words or the negative
thereof. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
uncertainties and factors, many of which are outside the control of the
Company, which could cause actual results to differ materially from such
statements. Forward-looking information includes, but is not limited to,
statements regarding the Company's plans to privately offer $350.0
million of senior notes, the completion of such private offering and the
impact of market conditions on such offering.
While the Company believes that the assumptions concerning future events
are reasonable, it cautions that there are inherent difficulties in
predicting certain important factors that could impact the future
performance or results of its business. Among the factors that could
cause results to differ materially from those indicated by such
forward-looking statements are: market conditions; local, regional,
national and international economic conditions and the impact they may
have on the Company and its customers; changes in tax laws that impact
the Company or master limited partnerships; conditions in the oil and
gas industry, including a sustained decrease in the level of supply or
demand for oil and natural gas and the impact on the price of oil and
natural gas; the Company's ability to timely and cost-effectively obtain
components necessary to conduct its business; changes in political or
economic conditions in key operating markets, including international
markets; and changes in safety and environmental regulations pertaining
to the production, processing and transportation of oil and natural gas.
These forward-looking statements are also affected by the risk factors,
forward-looking statements and challenges and uncertainties described in
the preliminary offering memorandum, Exterran's Annual Report on Form
10-K for the year ended December 31, 2009 and those set forth from time
to time in the Company's filings with the Securities and Exchange
Commission, which are currently available at www.exterran.com.
Except as required by law, the Company expressly disclaims any intention
or obligation to revise or update any forward-looking statements whether
as a result of new information, future events or otherwise.
SOURCE: Exterran Holdings, Inc.
Exterran Holdings, Inc.
David Oatman, 281-836-7035 (Investors)
Susan Nelson, 281-836-7297 (Media)