HOUSTON, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Exterran Corporation (NYSE: EXTN) announced that the Company closed on its $700 million, five-year revolving credit facility extension.

David Barta, Exterran’s Chief Financial Officer stated, “We are pleased to have completed the extension of our revolving credit facility that modestly increases capacity and extends the maturity to October 2023. The amended and restated facility should provide us significant financial flexibility and strategic optionality as we continue to execute our strategy as a systems and process company.”

The amended and restated credit agreement provides for a revolving credit facility in an aggregate amount of $700 million and includes an accordion feature that permits an increase in borrowing capacity by up to an additional $300 million subject to certain conditions and additional lender commitments. The credit agreement is secured by substantially all of Exterran’s assets.

About Exterran Corporation

Exterran Corporation (NYSE: EXTN) is a global systems and process company offering solutions in the oil, gas, water and power markets. We are a leader in natural gas processing and treatment and compression products and services, providing critical midstream infrastructure solutions to customers throughout the world. Exterran Corporation is headquartered in Houston, Texas and operates in approximately 30 countries.