HOME CONTACT US SITEMAP

Dresser, Inc. Announces $10 Million Voluntary Debt Prepayment

DALLAS, TEXAS (June 30, 2006)-Dresser, Inc. today announced that it has made an optional prepayment of $10 million on its senior secured term loan.  The prepayment, the third such payment this year, reduces the balance of the senior secured term loan to $115 million.

 

Since 2004, the company has made a total of $320 million in prepayments on its senior secured term loan, with $215 million of that total from the net cash proceeds of two divestitures and the remainder from operating cash flow.

 

The company noted that its businesses are performing well, allowing it to continue to generate cash and reduce its debt.

 

            About Dresser, Inc.

 

Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and compression and power systems segments of the energy industry. Headquartered in Dallas, Texas , Dresser has a comprehensive global presence, with approximately 6,500 employees and a sales presence in more than 100 countries worldwide. The company's website is www.dresser.com.

 

###

 

COMPANY CONTACT:

Jenny Haynes

Vice President of Investor Relations and Communications

(972) 361-9933

Jenny.haynes@dresser.com