Key Developments: Exterran Partners LP (EXLP.O)

EXLP.O on Nasdaq

29.58USD
17 Apr 2014
Price Change (% chg)

$0.16 (+0.54%)
Prev Close
$29.42
Open
$29.40
Day's High
$29.87
Day's Low
$29.25
Volume
83,013
Avg. Vol
177,250
52-wk High
$32.39
52-wk Low
$25.60

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Latest Key Developments (Source: Significant Developments)

Exterran Partners LP completes acquisition of assets from Chesapeake Energy Corporation's MidCon Compression
Thursday, 10 Apr 2014 05:36pm EDT 

Exterran Partners LP:Completes acquisition of compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corporation for about $360 mln.Asset acquisition was funded using the proceeds of Exterran Partners' March 2014 equity offering and a portion of its March 2014 debt offering.  Full Article

Exterran Partners, L.P prices private offering of $350 million of 6 pct senior notes
Monday, 31 Mar 2014 08:00pm EDT 

Exterran Partners, L.P:Announced that it has increased the size of its previously announced private offering of senior notes due 2022 to $350.0 million from $300.0 million.The senior notes carry a coupon interest rate of 6 pct. and are being sold at 98.371 pct. of par, which equates to an effective yield to maturity of 6.25 pct.Exterran Partners intends to use all of the net proceeds of this offering to fund a portion of the purchase price of its pending acquisition of natural gas compression assets from MidCon Compression, L.L.C.For the repayment of borrowings outstanding under its revolving credit facility.Says pending such use, all of the proceeds from this offering (less initial purchaser discounts) will be placed into an escrow account.Says the offering is expected to close on April 7, 2014.  Full Article

Exterran Partners, L.P. announces private offering of senior notes
Monday, 31 Mar 2014 08:01am EDT 

Exterran Partners, L.P:Intends to commence a private offering to eligible purchasers of $300.0 mln in aggregate principal amount of senior notes due 2022.Intends to use all of the net proceeds of this offering to fund a portion of the purchase price of its pending acquisition of natural gas compression assets from MidCon Compression, L.L.C.Intends to use proceeds for the repayment of borrowings outstanding under its revolving credit facility.  Full Article

Exterran Partners LP prices previously announced public offering of common units
Friday, 28 Mar 2014 08:45am EDT 

Exterran Partners LP:5,400,000 common units are priced at $28.36 per common unit.Offering is expected to close on or about April 2.  Full Article

Exterran Partners announces public offering of common units
Thursday, 27 Mar 2014 04:12pm EDT 

Exterran Partners L.P:Underwritten public offering of 5.4 mln common units.Underwriters a 30-day option to purchase up to an aggregate of 810,000 additional common units to cover over-allotments, if any.Intends to use all of the net proceeds of this offering to fund a portion of the purchase price of its previously announced pending acquisition of natural gas compression assets from MidCon Compression, L.L.C.If the acquisition does not close, Exterran Partners intends to use the net proceeds for general partnership purposes.Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, RBC Capital Markets and Goldman, Sachs & Co. are acting as joint book-running managers.  Full Article

Exterran Partners LP to acquire assets from MidCon Compression
Friday, 28 Feb 2014 08:30am EST 

Exterran Partners LP:Entered into an agreement to acquire natural gas compression assets from MidCon Compression, L.L.C., a subsidiary of Chesapeake Energy Corp for about $360 mln.Says the assets to be acquired include 334 compression units, with a total horsepower of about 440,000, which currently are being used to provide compression services to Access MLP Operating, L.L.C., subsidiary of Access Midstream Partners LP.Says in connection with the acquisition, Exterran Partners and Access have entered into a seven-year contract operations services agreement to be effective as of the closing.Says the transaction is subject to closing conditions and is expected to close in the second quarter 2014.  Full Article

Exterran Partners LP increases cash distribution
Thursday, 30 Jan 2014 04:30pm EST 

Exterran Partners LP:Says it has announced a cash distribution of $0.5325 per limited partner unit, or $2.13 per limited partner unit on an annualized basis.Says it will be payable on Feb. 14 to unitholders of record at the close of business on Feb. 10.  Full Article

Exterran Partners LP Increases Cash Distribution
Tuesday, 29 Oct 2013 07:00pm EDT 

Exterran Partners LP announced a cash distribution of $0.5275 per limited partner unit, or $2.11 per limited partner unit on an annualized basis, payable on November 14, 2013 to unitholders of record at the close of business on November 8, 2013. The third-quarter 2013 distribution covers the period from July 1, 2013 through September 30, 2013.  Full Article

Exterran Partners LP Increases Cash Distribution
Tuesday, 30 Jul 2013 05:00pm EDT 

Exterran Partners LP announced a cash distribution of $0.5225 per limited partner unit, or $2.09 per limited partner unit on an annualized basis, payable on Aug. 14, 2013 to unitholders of record at the close of business on Aug. 9, 2013. The second-quarter 2013 distribution covers the period from April 1, 2013 through June 30, 2013. The distribution to be paid in August 2013 is $0.005 higher than the first-quarter 2013 distribution of $0.5175 per limited partner unit and $0.02 higher than the second-quarter 2012 distribution of $0.5025 per limited partner unit.  Full Article

Exterran Partners LP Increases Cash Distribution
Monday, 29 Apr 2013 05:34pm EDT 

Exterran Partners LP announced a cash distribution of $0.5175 per limited partner unit, or $2.07 per limited partner unit on an annualized basis, payable on May 15, 2013 to unitholders of record at the close of business on May 10, 2013. The first-quarter 2013 distribution covers the period from Jan. 1, 2013 through Mar. 31, 2013.  Full Article

MARKET PULSE-Idera, Exterran, Liposcience, Intercloud, CBS Outdoor

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