DALLAS, TEXAS (July 31, 2006)-Dresser, Inc. today announced that it has made an optional prepayment of $20 million on its senior secured term loan, reducing the balance of the senior secured term loan to $95 million.
The company noted that it has made a total of $50 million in prepayments in 2006, which is indicative of the continued strong operating performance across the company.
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.
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COMPANY CONTACT:
Jenny Haynes
Vice President of Investor Relations and Communications
(972) 361-9933
Jenny.haynes@dresser.com
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