Exterran Holdings Completes Redemption of Senior Secured Notes Issued by Hanover Equipment Trust 2001A and Hanover Equipment Trust 2001B



    HOUSTON, September 21 /CNW/ - Exterran Holdings, Inc. (NYSE:  EXH)
announced that Hanover Equipment Trust 2001A, a special purpose Delaware
business trust, redeemed its remaining $133 million of outstanding 8.5% Senior
Secured Notes due 2008 (the "2001A Notes"), and Hanover Equipment Trust 2001B,
a special purpose Delaware business trust, redeemed its remaining $250 million
of outstanding 8.75% Senior Secured Notes due 2011 (the "2001B Notes"), on
September 17, 2007. The 2001A Notes were redeemed at a redemption price of
100% of the principal amount thereof, plus accrued and unpaid interest to the
redemption date. The 2001B Notes were redeemed at a redemption price of
102.917% of the principal amount thereof, plus accrued and unpaid interest to
the redemption date. These notes and associated premium, accrued interest and
equity were refinanced with approximately $404 million of additional
borrowings under Exterran's asset-backed securitization facility and its
senior credit revolving facility.

    About Exterran

    Exterran Holdings, Inc. is the global market leader in full service
natural gas compression and a premier provider of sales, operations,
maintenance, fabrication, service and equipment for oil and gas production,
processing and transportation applications. Exterran serves customers across
the energy spectrum--from producers to transporters to processors to storage
owners. Headquartered in Houston, Texas, Exterran and its 11,000 employees
have operations in over 30 countries worldwide. For more information, visit
www.exterran.com.




For further information:

For further information: Exterran Holdings, Inc., Houston Investors:
David Oatman, 713-335-7460 or Media: Rick Goins, 832-554-4918

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EXTERRAN HOLDINGS, INC.

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