Attached files
file | filename |
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8-K - FORM 8-K - Archrock Partners, L.P. | h80208e8vk.htm |
EX-8.1 - EX-8.1 - Archrock Partners, L.P. | h80208exv8w1.htm |
EX-1.1 - EX-1.1 - Archrock Partners, L.P. | h80208exv1w1.htm |
Exhibit 99.1 |
FOR IMMEDIATE RELEASE
EXTERRAN HOLDINGS, INC. PRICES PREVIOUSLY ANNOUNCED
SECONDARY OFFERING OF OUTSTANDING COMMON UNITS
Houston, Texas March 1, 2011 Exterran Holdings, Inc. (NYSE: EXH) (Exterran Holdings) and
Exterran Partners, L.P. (NASDAQ: EXLP) (Exterran Partners) today announced that Exterran Holdings
priced a previously announced secondary offering of 5,250,000 common units representing limited
partner interests in Exterran Partners at $28.65 per common unit. 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 is expected to close on March 4, 2011. Exterran Holdings
also granted the underwriters a 30-day option to purchase up to an aggregate of 787,500 additional
common units to cover over-allotments, if any.
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 275 Park Avenue New York, NY 10152 Telephone: (800) 326-5897 cmclientsupport@wellsfargo.com |
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 |
J.P. Morgan via Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (866) 803-9204 |
RBC Capital Markets Attn: Equity Syndicate Three World Financial Center 200 Vesey Street, 8th Floor New York, NY 10281-8098 Telephone: (877) 822-4089 |
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.
Contacts
Exterran
Investors:
David Oatman, 281-836-7035
or
Media:
Susan Nelson, 281-836-7297
Investors:
David Oatman, 281-836-7035
or
Media:
Susan Nelson, 281-836-7297