Monday, Exterran Holdings Inc. (EXH) and Exterran Partners L.P. (EXLP) announced a transaction between the 2 parties and a financing commitment for a new asset-backed securitization facility for Exterran Partners.
Exterran Partners noted that it agreed to acquire contracts serving 18 customers from Exterran Holdings and its affiliates, together with about 900 compressor units used to provide compression services, comprising about 273,000 horsepower. The company said the transaction will include about 6% of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners. The total value of the transaction is around $144 million, including estimated transaction costs.
In funding the transaction, Exterran Partners plans to borrow about $58 million under a new asset-backed securitization facility and issue about $86 million of new equity to Exterran Holdings, including around 4.74 million common units and about 97,000 general partner units. The transaction, which is subject to standard closing conditions, is expected to close in November 2009.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.