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Wells Fargo Agents Exterran’s Facility Increase to $1.05B

February 05, 2015, 08:01 AM
Filed Under: Energy

Exterran Partners, L.P. announced the execution of an amendment to its senior secured credit facility which, among other things, gives effect to revolving credit commitments from three new lenders and increases the revolving credit commitments of certain of its existing lenders. These commitments collectively increase the borrowing capacity under the revolving credit facility by $250 million to $900 million. The amended credit facility, which matures in May 2018, also includes a $150 million term loan facility.

“We are pleased to increase the borrowing capacity of our amended credit facility and appreciate the support of existing and new lenders,” said David Miller, Senior Vice President and Chief Financial Officer of Exterran Partners. “The amended credit facility provides additional liquidity as we continue to pursue industry growth opportunities.”

The syndicate of 21 banks is led by Wells Fargo Securities, LLC, as Joint Lead Arranger and Joint Book Runner, Wells Fargo Bank, N.A., as Administrative Agent and Credit Agricole Corporate and Investment Bank, JP Morgan Securities LLC, RBC Capital Markets and RBS Securities Inc. as Joint Lead Arrangers and Joint Book Runners.

Exterran Partners, L.P., a master limited partnership, is the leading provider of natural gas contract compression services to customers throughout the United States. Exterran Holding owns an equity interest in Exterran Partners, including all of the general partner interest.

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