HOUSTON, Mar 25, 2011 (BUSINESS WIRE) --
Exterran Holdings, Inc. (NYSE: EXH) ("Exterran Holdings") and Exterran
Partners, L.P. (NASDAQ: EXLP) ("Exterran Partners")today
announced that the underwriters of the previously announced secondary
offering by Exterran Holdings of 5,250,000 common units representing
limited partner interests in Exterran Partners at $28.65 per common
unit, which closed on March 4, 2011, partially exercised their
over-allotment option and purchased an additional 664,466 common units.
Exterran Partners did not sell any common units in this offering and
will not receive any proceeds from the sale of the common units by
Exterran Holdings. The offering of the additional common units closed on
March 25, 2011.
Wells Fargo Securities, BofA Merrill Lynch, Barclays Capital, J.P.
Morgan and RBC are acting as joint book-running managers. A copy of the
prospectus supplement and prospectus relating to the offering may be
obtained from the following addresses:
Wells Fargo Securities
Attn: Equity Syndicate Department
375 Park Avenue
New York, NY 10152
Telephone: (800) 326-5897
cmclientsupport@wellsfargo.com
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BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, NY 10080
dg.prospectus_requests@baml.com
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Barclays Capital
c/o Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717
Telephone: (888) 603-5847
barclaysprospectus@broadridge.com
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J.P. Morgan
via Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204
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RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281-8098
Telephone: (212) 428-6670
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This offering is made pursuant to an effective shelf registration
statement and prospectus filed by Exterran Partners with the Securities
and Exchange Commission (the "SEC"). This press release shall not
constitute an offer to sell or the solicitation of an offer to buy the
common units described herein, nor shall there be any sale of these
common units in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. The
offering may be made only by means of a prospectus and related
prospectus supplement meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
Exterran Holdings, Inc. (NYSE: EXH) 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
Holdings serves customers across the energy spectrum -- from producers to
transporters to processors to storage owners. Headquartered in Houston,
Texas, Exterran Holdings has over 10,000 employees and operates in
approximately 30 countries.
Exterran Partners, L.P. (NASDAQ: EXLP) provides natural gas
contract operations services to customers throughout the United States.
Exterran Holdings indirectly owns an equity interest in Exterran
Partners.
All statements in this release (and oral statements made regarding the
subject of this release) other than historical facts are forward-looking
statements within the meaning of Section 21E of the Securities Exchange
Act of 1934, as amended. 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 Exterran Holdings and Exterran Partners (the "Companies"),
which could cause actual results to differ materially from such
statements including, but not limited to, statements related to the
proposed secondary offering.
While the Companies believe that the assumptions concerning future
events are reasonable, they caution that there are inherent difficulties
in predicting certain important factors that could impact the future
performance or results of their business. Among the factors that could
cause results to differ materially from those indicated by such
forward-looking statements are: local, regional, national and
international economic conditions and the impact they may have on the
Companies and their customers; changes in tax laws that impact 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; Exterran
Holdings' ability to timely and cost-effectively execute larger
projects; changes in political or economic conditions in key operating
markets, including international markets; changes in safety, health,
environmental and other regulations; and, as to each of the Companies,
the performance of the other entity.
These forward-looking statements are also affected by the risk factors,
forward-looking statements and challenges and uncertainties described in
Exterran Holdings' Annual Report on Form 10-K for the year ended
December 31, 2010, Exterran Partners' Annual Report on Form 10-K for the
year ended December 31, 2010, and those set forth from time to time in
the Companies' filings with the SEC. Except as required by law, the
Companies expressly disclaim 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
Exterran
Investors:
David Oatman, 281-836-7035
or
Media:
Susan Nelson, 281-836-7297