BTIG Downgrades Exterran Holdings (EXH) to Neutral
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Exterran Holdings Withdraws Notes Offering and Delays Spin-off of International Services and Global Fabrication Businesses
July 24, 2015 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Exterran Holdings, Inc. (NYSE: EXH) announced today that the previously announced private offering of senior notes by its subsidiaries has been withdrawn due to adverse market conditions. Consequently, the planned spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will be delayed. Exterran Holdings intends to complete the spin-off when market conditions allow.
We remain committed to enhancing shareholder value through the creation of two separate entities, said Brad Childers, Exterran Holdings President and Chief Executive Officer. Our employees have done a... More
Exterran Holdings Provides Update on Spin-off of International Services and Global Fabrication Businesses
July 22, 2015 10:07 PM EDTHOUSTON--(BUSINESS WIRE)-- Exterran Holdings, Inc. (NYSE: EXH) announced today that its previously announced record date of July 22, 2015 and distribution date of July 31, 2015 for the spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will change. Exterran Holdings remains committed to closing the spin-off as soon as practicable. When determined, Exterran Holdings will announce a new record date and provide an update on its expectations for the commencement of when-issued trading and the distribution date.
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