Exterran: Delays Company Spin Off Due to Market Conditions

Exterran Holdings, Inc. announced today that the previously announced private offering of senior notes by its subsidiaries has been withdrawn due to adverse market conditions. Consequently, the planned spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will be delayed. Exterran Holdings intends to complete the spin-off when market conditions allow.

“We remain committed to enhancing shareholder value through the creation of two separate entities,” said Brad Childers, Exterran Holdings’ President and Chief Executive Officer. “Our employees have done a tremendous job preparing for the separation of our businesses, and, as a result of that work, we are positioned to begin operating as two separate companies when the spin-off occurs. Until that time, we will continue to operate as one company, focused on delivering high-quality products and services to our customers.”