UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 20, 2007
 
EXTERRAN PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation) 		  001-33078
(Commission File Number) 		  22-3955108
(IRS Employer
Identification No.)
     
4444 Brittmoore Road
Houston, Texas
(Address of principal executive offices) 		   
77041
(Zip Code)
(713) 335-7000
Registrant’s telephone number, including area code
UNIVERSAL COMPRESSION PARTNERS, L.P.
(Former name or former address, if changed since last report.)
 
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
      o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
      o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
      o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
      o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

      Item 1.01.       Entry into a Material Definitive Agreement.
      Introduction
     On August 20, 2007, pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 5, 2007, as amended, by and among Exterran Holdings, Inc. (formerly known as Iliad Holdings, Inc.) (“Exterran Holdings”), Hanover Compressor Company, a Delaware corporation (“Hanover”), Universal Compression Holdings, Inc., a Delaware corporation (“Universal”), Hector Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Exterran Holdings (“Hanover Merger Sub”), and Ulysses Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Exterran Holdings (“Universal Merger Sub”), Universal Merger Sub merged with and into Universal (the “Universal Merger”) and Hanover Merger Sub merged with and into Hanover (the “Hanover Merger” and together with the Universal Merger, the “Mergers”). As a result of the Mergers, each of Universal and Hanover became a wholly owned subsidiary of Exterran Holdings. Immediately following the completion of the Mergers, Universal merged with and into Exterran Holdings.
      Amended and Restated Omnibus Agreement
     On August 20, 2007, in connection with the closing of the Mergers, Exterran Partners, L.P. (formerly known as Universal Compression Partners, L.P.) (the “Partnership”) entered into an Amended and Restated Omnibus Agreement with Exterran Holdings, Exterran, Inc. (formerly known as Universal Compression, Inc.), UCO GP, LLC, UCO General Partner, LP, EXLP Operating LLC (formerly known as UCLP Operating LLC) and Exterran Energy Solutions, L.P. The Amended and Restated Omnibus Agreement governs several relationships between the Partnership and Exterran Holdings, including:
  1.   Certain agreements not to compete between Exterran Holdings and its affiliates, on the one hand, and the Partnership and its affiliates, on the other hand;
 
  2.   Exterran Holdings’ obligation to provide all operational staff, corporate staff and support services reasonably necessary to run the Partnership’s business and the Partnership’s obligation to reimburse Exterran Holdings for the provision of such services, subject to certain limitations;
 
  3.   The terms under which Exterran Holdings, the Partnership and their respective affiliates may transfer compression equipment among one another to meet their respective compression services obligations;
 
  4.   The terms under which the Partnership may purchase newly-fabricated compression equipment from Exterran Holdings’ affiliates;
 
  5.   Exterran Holdings’ grant of a license of certain intellectual property to the Partnership, including the Partnership’s logo; and
 
  6.   Exterran Holdings’ obligation to indemnify the Partnership for certain liabilities and the Partnership’s obligation to indemnify Exterran Holdings for certain liabilities.
      Item 5.03.       Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
     On August 20, 2007, the Partnership amended its certificate of limited partnership to change its name to Exterran Partners, L.P. The Partnership’s certificate of amendment to its certificate of limited partnership is filed as Exhibit 3.1 and incorporated herein by reference.
      Item 8.01.       Other Events.
     In connection with the name change discussed in Item 5.03, effective August 21, 2007 the Partnership’s new CUSIP number is 30225N 105, and the Partnership’s new trading symbol is “EXLP.”

 

 

     On August 20, 2007, the Partnership issued a press release announcing the name change and its new trading symbol. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
      Item 9.01.       Financial Statements and Exhibits.
      (d)       Exhibits.
     
Exhibit No.
  Description
 
   
 
   
3.1
  Certificate of Amendment to Certificate of Limited Partnership of Universal Compression Partners, L.P., dated as of August 20, 2007.
 
   
99.1
  Press Release of the Partnership, dated August 20, 2007.

 

 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  EXTERRAN PARTNERS, L.P.
  		 
  By:    UCO General Partner, LP, its    
    general partner    
     
  By:    UCO GP, LLC, its general partner    
    (Registrant)   
       
     
Date: August 24, 2007  By:   /s/ Daniel K. Schlanger   
    Daniel K. Schlanger   
    Senior Vice President and
Chief Financial Officer   		 

 

 

         
EXHIBIT INDEX
     
Exhibit No.
  Description
 
   
 
   
3.1
  Certificate of Amendment to Certificate of Limited Partnership of Universal Compression Partners, L.P., dated as of August 20, 2007.
 
   
99.1
  Press Release of the Partnership, dated August 20, 2007.

 

 

Exhibit 3.1
CERTIFICATE OF AMENDMENT
of
CERTIFICATE OF LIMITED PARTNERSHIP
of
UNIVERSAL COMPRESSION PARTNERS, L.P.
a Delaware limited partnership
(to be renamed EXTERRAN PARTNERS, L.P.)
          The undersigned, an authorized person of Universal Compression Partners, L.P. (the “Partnership”), a limited partnership organized and existing under and by virtue of the Delaware Revised Uniform Limited Partnership Act, hereby certifies that:
  1.   The name of the Company is Universal Compression Partners, L.P.
 
  2.   The amendment to the Certificate of Limited Partnership effected by this Certificate of Amendment changes the name of the Company to Exterran Partners, L.P.
 
  3.   The Certificate of Limited Partnership is hereby amended by deleting the first article thereof and replacing in lieu thereof a new first article reading in its entirety as follows:
              “1. Name . The name of the limited partnership is “Exterran Partners, L.P.”.”
              IN WITNESS WHEREOF, the Company has caused this Certificate to be executed effective on the 20th day of August 2007.
         
    UNIVERSAL COMPRESSION PARTNERS, L.P.
 
       
 
  By:   UCO General Partner, L.P.,
 
      its General Partner
 
       
 
  By:   UCO GP, LLC,
 
      its General Partner
 
       
 
  By:   /s/ J. Michael Anderson
 
       
 
      J. Michael Anderson
 
      Senior Vice President

 

Exhibit 99.1
(EXTERRAN LOGO)
Universal Compression Partners Changes Name to Exterran Partners
HOUSTON, August 20, 2007 – Universal Compression Partners, L.P. (NASDAQ:UCLP) today announced that it has changed its name to Exterran Partners, L.P. concurrent with the closing of the merger of Hanover Compressor Company (NYSE:HC) and Universal Compression Holdings, Inc. into Exterran Holdings, Inc. (NYSE:EXH). Effective Tuesday, August 21, 2007, Exterran Partners’ common units will trade on the NASDAQ Global Select Market under the symbol “EXLP.”
Exterran Partners provides natural gas contract compression services to customers throughout the United States. Exterran Holdings, Inc. owns approximately 51% of Exterran Partners.
CONTACT: For Hanover Compressor Company
David Oatman, 713-335-7460 (Investors)
or
Rick Goins, 832-554-4918 (Media)
SOURCE: Hanover Compressor Company and Universal Compression Partners, L.P.