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Wells Fargo Agents $700MM Revolver Extension for Exterran

October 11, 2018, 07:29 AM
Filed Under: Energy Services

Exterran Corporation announced that the Company closed on its $700 million, five-year revolving credit facility extension. According to an SEC filing, Wells Fargo Bank served as administrative agent to the financing. 

David Barta, Exterran's Chief Financial Officer stated, "We are pleased to have completed the extension of our revolving credit facility that modestly increases capacity and extends the maturity to October 2023. The amended and restated facility should provide us significant financial flexibility and strategic optionality as we continue to execute our strategy as a systems and process company."

The amended and restated credit agreement provides for a revolving credit facility in an aggregate amount of $700 million and includes an accordion feature that permits an increase in borrowing capacity by up to an additional $300 million subject to certain conditions and additional lender commitments. The credit agreement is secured by substantially all of Exterran's assets.

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