Exterran Holdings, Inc. (ticker: EXH, exchange: New York Stock Exchange (.N))
News Release -
Universal Compression Announces Pricing of Public Equity Offering
HOUSTON, June 28 /PRNewswire/ -- Universal Compression Holdings, Inc.
(NYSE: UCO) today announced its public offering of 4.0 million shares of its
common stock at a price of $28.50 per share, consisting of 1.33 million shares
offered by the Company and 2.67 million shares from certain selling
shareholders. The Company and the selling shareholders have also granted the
underwriters a 30-day option to purchase, on a pro rata basis, up to an
additional 200,000 shares from the Company and an additional 400,000 shares
from the selling shareholders to cover over-allotments.
The managing underwriters of the offering are Merrill Lynch & Co., Salomon
Smith Barney, First Union Securities, Inc., Lehman Brothers, Howard Weil, a
division of Legg Mason Wood Walker, Inc., and Simmons & Company International.
Information about this offering is available in the prospectus filed with the
Securities and Exchange Commission. Copies of the prospectus may be obtained
from Merrill Lynch & Co., 4 World Trade Center, Prospectus Department, Street
Level, New York, NY 10080.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
Universal, headquartered in Houston, Texas, is a leading natural gas
compression services company, providing a full range of rental, sales,
operations, maintenance and fabrication services and products to the domestic
and international natural gas industry.
Certain statements about Universal in this communication may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a number of
uncertainties and factors, many of which are outside Universal's control,
which could cause actual results to differ materially from such statements.
There can be no assurance that statements made in this communication relating
to future events will be achieved. The risk factors are discussed in
Universal's filings with the Securities and Exchange Commission, copies of
which are available to the public. Universal expressly disclaims any
intention or obligation to revise or update any forward-looking statements
whether as a result of new information, future events, or otherwise.
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SOURCE Universal Compression Holdings, Inc.
CONTACT: David Oatman, Director, Investor Relations of Universal Compression Holdings, Inc., 713-335-7460; or General Inquiries, Jeffrey Wilhoit of The Financial Relations Board BSMG Worldwide, 312-640-6757