Exterran Partners gets $550 million credit facility via Wells Fargo

By Sara Rosenberg

New York, Nov. 4 - Exterran Partners LP closed on a new $550 million five-year senior secured credit facility, according to a news release.

Wells Fargo acted as the lead arranger, bookrunner and administrative agent on the deal.

The facility consists of a $400 million revolver and a $150 million term loan.

Proceeds were used to refinance an existing facility due October 2011 that consisted of a $315 million revolver and a $117.5 million term loan, to repay the entire outstanding balance under an asset-backed securitization facility, which has been terminated, and to terminate all existing interest rate swaps.

Exterran Partners is a Houston-based provider of natural gas contract operations services.

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