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Exterran Partners, L.P. Prices Previously Announced Public Offering Of Common Units

Exterran Partners, L.P. (NASDAQ: EXLP) (the “Partnership”) today announced that it priced a previously announced underwritten public offering of 4,500,000 common units representing limited partner interests in the Partnership at $24.05 per common unit. The offering is expected to close on or about March 5, 2012. The Partnership also granted the underwriters a 30-day option to purchase up to 675,000 additional common units to cover over-allotments, if any.

The Partnership intends to use all of the net proceeds, in the amount of $103.8 million, of this offering to repay borrowings outstanding under its revolving credit facility. Amounts repaid under its revolving credit facility, subject to the terms of the facility, may be reborrowed for general partnership purposes, including to fund a portion of the consideration for the previously announced acquisition of compression and processing assets from Exterran Holdings, Inc. pursuant to that certain Contribution, Conveyance and Assumption Agreement, dated as of February 22, 2012, if consummated.

Wells Fargo Securities, Barclays Capital and Citigroup are acting as joint book-running managers. A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained from the following addresses:

Wells Fargo Securities

Attn: Equity Syndicate Department

375 Park Avenue

New York, NY 10152

Telephone: (800) 326-5897

cmclientsupport@wellsfargo.com

       

Barclays Capital

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847

barclaysprospectus@broadridge.com

 

Citigroup

Attn: Prospectus Department

Brooklyn Army Terminal

140 58th Street, 8th Floor

Brooklyn, New York 11220

Telephone: (800) 831-9146

batprospectusdept@citi.com

 

This offering is made pursuant to an effective shelf registration statement and prospectus filed by the Partnership with the Securities and Exchange Commission (“SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common units described herein, nor shall there be any sale of these common units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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