HOUSTON--(BUSINESS WIRE)--Dec. 20, 2012--
Exterran Holdings, Inc. (NYSE: EXH) (“Exterran”) announced today
that on Jan. 15, 2013 it will redeem for cash all $143.75 million
principal amount outstanding of its 4.75% Convertible Senior Notes due
2014 (CUSIP No. 30225XAD5; formerly Hanover Compressor Company CUSIP No.
410768AE5) at a redemption price of 100.00% of the principal amount
thereof plus accrued but unpaid interest to, but excluding, the
redemption date. On and after the date of redemption, the notes will no
longer be deemed outstanding, interest will cease to accrue thereon and
all rights of the holder of the notes will cease to exist, except for
the right to receive the redemption price, without interest thereon.
Notes are to be surrendered to U.S. Bank National Association (“U.S.
Bank”), as trustee, in exchange for payment of the redemption price on
Jan. 15, 2013. Questions relating to the notice of redemption should be
directed to U.S. Bank at 1-800-934-6802. Exterran intends to use funds
available from its credit facility to redeem the notes.
This press release does not constitute a notice of redemption of the
notes. The redemption of the notes will be made solely pursuant to
Exterran’s notice of redemption dated Dec. 20, 2012 and delivered by the
trustee to the registered holders of the notes.
ABOUT EXTERRAN HOLDINGS
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
approximately 10,000 employees and operates in approximately 30
countries. Exterran Holdings owns an equity interest, including all of
the general partner interest, in Exterran Partners, L.P. (NASDAQ: EXLP),
a leading provider of natural gas contract operations services to
customers throughout the United States. For more information, visit www.exterran.com.
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. Forward-looking information
includes, but is not limited to, statements regarding Exterran’s plans
to redeem the notes, including plans to fund such redemption, and the
completion of the note redemption. 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
Exterran’s control, which could cause actual results to differ
materially from such statements. These forward-looking statements are
also affected by the risk factors, forward-looking statements and
challenges and uncertainties described in Exterran’s Annual Report on
Form 10-K for the year ended December 31, 2011 and those set forth from
time to time in Exterran’s filings with the Securities and Exchange
Commission. Except as required by law, Exterran 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.
Media
Susan Moore, 281-836-7398
or
Investors
David
Oatman, 281-836-7035