Dresser prepays $10 million in term loan debt

By Sara Rosenberg

New York, Jan. 31 - Dresser Inc. prepaid $10 million on its senior secured term loan, reducing the balance of the loan to $135 million, according to a company news release.

In 2004 and 2005, the company made a total of $290 million in prepayments, including $215 million from the net cash proceeds of two divestitures.

Dresser is a Dallas-based designer, manufacturer and marketer of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and compression and power systems segments of the energy industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.