Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Dresser-Rand Increases Size and Lengthens Tenor of Senior Secured Credit Facility

   Dresser-Rand Increases Size and Lengthens Tenor of Senior Secured Credit

PR Newswire

HOUSTON, Sept. 30, 2013

HOUSTON, Sept. 30, 2013 /PRNewswire/ -- Dresser-Rand Group Inc.
("Dresser-Rand" or "the Company") (NYSE: DRC), a global supplier of high-speed
rotating equipment and service solutions, announced today that it has amended
the Senior Secured Credit Facility with JP Morgan Securities Inc. as
Administrative Agent and 21 lenders to increase the size of the facility from
$ 1.06 billion to $1.46 billion, in the aggregate for all banks, and to extend
the maturity from March 15, 2016 to September 30, 2018.  The entire $400
million increase is attributed to the U.S. Dollar revolving credit portion of
the overall Senior Secured Credit Facility, which now stands at $1.1 billion,
up from $700 million.

About Dresser-Rand
Dresser-Rand is among the largest suppliers of rotating equipment solutions to
the worldwide oil, gas, petrochemical, and process industries.  The Company
operates manufacturing facilities in the United States, France, United
Kingdom, Spain, Germany, Norway, and India, and maintains a network of 49
service and support centers (including 6 engineering and R&D centers) covering
more than 150 countries.


SOURCE Dresser-Rand Group Inc.

Contact: Investor, Blaise Derrico, Vice-President Investor Relations,
Sponsored Links
Sponsored Links