HOUSTON, Feb 28, 2011 (BUSINESS WIRE) --
Exterran Holdings, Inc. (NYSE: EXH) ("Exterran Holdings") and Exterran
Partners, L.P. (NASDAQ: EXLP) ("Exterran Partners")today
announced that Exterran Partners is filing a preliminary prospectus
supplement with the Securities and Exchange Commission relating to a
proposed secondary offering of common units representing limited partner
interests in Exterran Partners by Exterran Holdings. Exterran Holdings
intends to sell an aggregate of 5,250,000 common units and grant the
underwriters a 30-day option to purchase up to an aggregate of 787,500
additional common units to cover over-allotments, if any. Exterran
Partners is not selling any common units in this offering and will not
receive any proceeds from the sale of the common units by Exterran
Holdings.
Wells Fargo Securities, BofA Merrill Lynch, Barclays Capital, J.P.
Morgan and RBC are acting as joint book-running managers. A copy of the
preliminary prospectus supplement and prospectus relating to the
offering may be obtained from the following addresses:
Wells Fargo Securities
Attn: Equity Syndicate Department
275 Park Avenue
New York, NY 10152
Telephone: (800) 326-5897
[email protected]
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BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, NY 10080
[email protected]
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Barclays Capital
c/o Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717
Telephone: (888) 603-5847
[email protected]
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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 (877) 822-4089
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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. 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 a majority 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 Securities and Exchange Commission.
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 Holdings, Inc. and Exterran Partners, L.P.
Exterran
Investors:
David Oatman, 281-836-7035
or
Media:
Susan Nelson, 281-836-7297