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Subsequent Events | 6 Months Ended
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Jun. 30, 2015
Subsequent Events. |
Subsequent Events | 21. Subsequent Events In July 2015, we received an additional installment payment, including an annual charge, of $18.9 million from PDVSA Gas relating to the 2012 sale of our Venezuelan subsidiary’s previously nationalized assets. As we have not recognized amounts payable to us by PDVSA Gas relating to the 2012 sale of our Venezuelan subsidiary’s previously nationalized assets as a receivable but rather as income from discontinued operations in the periods such payments are received, the installment payment received in July 2015 will be recognized as income from discontinued operations in the third quarter of 2015. On July 10, 2015, we and our wholly owned subsidiary, Archrock Services, L.P. (the “Archrock Borrower”), entered into a credit agreement (the “Archrock Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as the administrative agent, and various financial institutions as lenders. The Archrock Credit Agreement provides for a revolving credit facility to be made available to the Archrock Borrower in an aggregate amount of $300 million (the “Archrock Credit Facility”). Availability under the Archrock Credit Facility is subject to the satisfaction of certain conditions precedent, including (i) the payoff and termination of existing Credit Facility and (ii) the consummation of the Spin-off on or before October 30, 2015 (the date on which those conditions precedent are satisfied is referred to as the “Archrock Initial Availability Date”). If the Archrock Initial Availability Date does not occur on or before October 30, 2015, the Archrock Credit Facility will terminate. No borrowings are outstanding under the Archrock Credit Facility because the Archrock Initial Availability Date has not yet occurred. On July 10, 2015, EESLP and Exterran Corporation entered into a credit agreement (the “Exterran Corporation Credit Agreement”) with Wells Fargo, as the administrative agent, and various financial institutions as lenders. The Exterran Corporation Credit Agreement provides for a revolving credit facility to be made available to EESLP in an aggregate amount of $750 million (the “Exterran Corporation Credit Facility”). Availability under the Exterran Corporation Credit Facility is subject to the satisfaction of certain conditions precedent, including the consummation of the Spin-off, on or before October 30, 2015 (the date on which those conditions precedent are satisfied is referred to as the “Initial Availability Date”). If the Initial Availability Date does not occur on or before October 30, 2015, the Exterran Corporation Credit Facility will terminate. No borrowings are outstanding under the Exterran Corporation Credit Facility because the Initial Availability Date has not yet occurred.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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