Universal Compression starts roadshow for $175 million seven-year deal

By Paul A. Harris

St. Louis, May 16 - The roadshow started Friday for Universal Compression Holdings, Inc.'s offering of $175 million of senior notes due 2010 (B1/B+), according to a syndicate source.

The deal is expected to price in the middle of the week of May 19.

Lehman Brothers, Merrill Lynch & Co. and Wachovia Securities are joint bookrunners for the Rule 144A offering.

The notes will be non-callable for four years and will be issued through Universal Compression, Inc.

Proceeds will be used to fund the company's tender for its 9 7/8% senior discount notes due 2008.

Universal Compression is a natural gas compression services company headquartered in Houston.

© 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.