HOUSTON--(BUSINESS WIRE)--Exterran Corporation (NYSE: EXTN) today announced that it has obtained an extension of the waivers from its credit facility lenders in connection with the Company’s previously announced restatement of its financial statements. Under the amended terms of the credit agreement, Exterran’s waivers were extended from August 31, 2016 to November 30, 2016.

In addition, under the amended credit agreement, the definition of EBITDA will exclude certain restructuring and restatement costs for purposes of determining the total leverage ratio. A more detailed description of the amendment may be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission.

“We appreciate the ongoing cooperation and support of our lenders,” said Andrew Way, Exterran’s President and Chief Executive Officer. “The exclusion of certain restructuring and restatement costs will better align our covenant leverage with our operational performance and increase our borrowing availability. In addition to the debt we have repaid so far in 2016, the incremental availability provides us with the necessary liquidity to fund growth investments as opportunities arise through the remainder of this year and into 2017. We continue to be committed to regaining compliance with all SEC filing requirements and New York Stock Exchange listing requirements as promptly as possible.”

About Exterran Corporation

Exterran Corporation (NYSE: EXTN) is a market leader in compression, production and processing products and services, serving customers throughout the world engaged in all aspects of the oil and natural gas industry. Its global product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Outside the United States, Exterran Corporation is a leading provider of full-service natural gas contract compression and a supplier of new, used, OEM and aftermarket parts and services. Exterran Corporation is headquartered in Houston, Texas and operates in approximately 30 countries.

For more information, visit www.exterran.com.