Exterran plans late-week pricing for $300 million eight-year notes

By Paul A. Harris

Portland, Ore., March 18 - Exterran Partners, LP and EXLP Finance Corp. plan to price a $300 million offering of eight-year senior notes (expected B2/confirmed B-) late in the present week, according to a syndicate source.

Wells Fargo Securities LLC is the left bookrunner. Credit Agricole CIB, J.P. Morgan Securities LLC, RBC Capital Markets and RBS Securities Inc. are the joint bookrunners.

BofA Merrill Lynch is the senior co-manager. BB&T, Goldman Sachs & Co., Mitsubishi, PNC Capital Markets, Raymond James, Regions Securities LLC, Scotia Capital and SMBC Nikko are the co-managers.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

The Houston-based provider of services to the natural gas industry plans to use the proceeds to repay revolver debt.

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