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Exterran Partners to draw on revolver for purchase of MidCon assets
By Sara Rosenberg
New York, July 14 – Exterran Partners LP plans to use borrowings under its revolving credit facility to fund the acquisition of natural gas compression assets from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp., for about $135 million, according to a news release.
Closing is expected in the third quarter, subject to certain conditions.
Exterran Partners is a Houston-based provider of natural gas compression services.
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