Exterran Holdings, Inc. Prices Previously Announced Secondary Offering of Outstanding Common Units

Published on Wednesday, 08 September 2010 08:52 Written by TradersHuddle Staff

HOUSTON-( Business Wire )-

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 4,600,000 common units representing limited partner interests in Exterran Partners at $21.60 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 September 13, 2010. Exterran Holdings also granted the underwriters a 30-day option to purchase up to an aggregate of 690,000 additional common units to cover over-allotments, if any.

Wells Fargo Securities, BofA Merrill Lynch, Barclays Capital, Credit Suisse and J.P. Morgan 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 This e-mail address is being protected from spambots. You need JavaScript enabled to view it.		BofA Merrill Lynch Attn: Prospectus Department 4 World Financial Center New York, New York 10080 This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
Barclays Capital c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (888) 603-5847 This e-mail address is being protected from spambots. You need JavaScript enabled to view it.		Credit Suisse Attn: Prospectus Dept. One Madison Avenue New York, NY 10010 Telephone: 800-221-1037		J.P. Morgan via Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Telephone: (866) 803-9204

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 has over 10,000 employees and operates in over 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 subjects 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 obtain components necessary to conduct the Companies' business; changes in political or economic conditions in key operating markets, including international markets; changes in safety and environmental regulations pertaining to the production and transportation of oil and natural gas; 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, 2009, Exterran Partners' Annual Report on Form 10-K for the year ended December 31, 2009, 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.

ExterranInvestors:David Oatman, 281-836-7035orMedia:Susan Nelson, 281-836-7297