Universal Compression buys back $5 million notes, repays $80 million of securitization facility

New York, Aug. 5 - Universal Compression Holdings Inc. said it bought back $5.0 million of its 8 7/8% senior notes due 2008 during April and repaid $80.0 million of borrowings under its asset-backed securitization lease facility during June.

The note buyback follows repurchases of $5.0 million during the first quarter, according to a 10-Q filing with the Securities and Exchange Commission.

Following the bank debt paydown, $95.0 million remained outstanding under the lease facility as of June 30.

Universal Compression is a Houston-based provider of natural gas compression services.

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