Exterran Holdings Inc. (EXH) said that Exterran Partners L.P. (EXLP) has completed acquisition of certain assets of Exterran Holdings for about $143 million, excluding transaction costs.
The acquired assets included contracts and equipment serving 18 customers, together with approximately 890 compressor units used to provide compression services under those contracts, representing approximately 270,000 horsepower, or approximately 6% of the combined U.S. contract operations business of Exterran Holdings and Exterran Partners.
Exterran Partners financed the acquisition with about $57 million of borrowings under its new $150 million asset-backed securitization facility and existing revolving credit facility and the issuance of 4.74 million common units and 96,601 general partner units to Exterran Holdings.
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