Archrock Expects New $300 Million Revolving Credit Facility; David S. Miller to Become Senior Vice President and Chief Financial Officer
July 13, 2015 at 04:02 pm EDT
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Upon completion of the spin-off, Exterran Holdings will be renamed Archrock. Borrowings under Exterran Holdings' existing credit facility and Exterran Holdings' 7.25% senior notes due 2018 will be retired using the net proceeds of Exterran Corporation's indebtedness that will be transferred to Archrock, and Archrock's new capital structure will include a new $300 million revolving credit facility that has been executed and will become available upon the completion of the distribution.
David S. Miller, currently the senior vice president and chief financial officer of Exterran Partners, will also become senior vice president and chief financial officer of Archrock.
Archrock, Inc. is an energy infrastructure company with a primary focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the energy industry throughout. the United States. It is a supplier of aftermarket services to customers that own compression equipment. Its segments include Contract Operations and Aftermarket Services. The Contract Operations business is comprised of its owned fleet of natural gas compression equipment that it use to provide operations services to its customers. The aftermarket services business provides a full range of services to support the compression needs of its customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It provides comprehensive contract operations services, such as personnel, equipment, tools, materials and supplies to meet its customerâs natural gas compression needs.
ARCHROCK, INC. 
