Daily News: October 1, 2013

J.P. Morgan Agents Dresser-Rand Credit Facility Increase

Dresser-Rand Group announced that it amended its senior secured credit Facility with J.P. Morgan Securities, 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.

Dresser-RandDresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical and process industries.