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Exterran plans to repay some revolver debt with convertible proceeds
By Sara Rosenberg
New York, June 3 - Exterran Holdings Inc. plans to pay down borrowings under its revolving credit facility and asset-backed securitization facility using proceeds from a $250 million convertible senior unsecured notes offering, according to a news release.
Remaining proceeds will be used to pay the cost of a convertible note hedge transaction.
Exterran is a Houston-based provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications.
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