HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Exterran Corporation’s (NYSE: EXTN) announces an amendment to its credit facility. The amendment adjusts the definition of EBITDA used for our financial covenants to allow for anticipated earnings from new Contract Operations projects based on a pro-forma basis during the construction period. The size of the credit facility will be adjusted from $700 million to $650 million.

The President and CEO Andrew Way commented, “I want to thank our bank group for the support to complete this amendment and look forward to building on our strong relationships in the future. Our commercial teams are driving incremental demand for potential contract operations projects and this positive amendment will provide us greater liquidity to pursue the projects that meet or exceed our return threshold which will in turn drive long-term shareholder value.”

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 25 countries.