SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): December 3, 2001
HANOVER COMPRESSOR COMPANY
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13071 76-0625124
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
12001 North Houston Rosslyn 77086
Houston, Texas 77086 (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (281) 447-8787
Item 5. Other Events.
See the following press release:
HANOVER COMPRESSOR EXTENDS SIZE AND TERM
OF REVOLVING PRIMARY CREDIT FACILITY
HOUSTON, December 3, 2001 -- Hanover Compressor (NYSE: HC), the leading provider
of outsourced natural gas compression services, today announced it has increased
its revolving credit facility from $200 million to $350 million and extended the
term by three years to mature November 30, 2004. The facility involves a
syndicate of banks arranged by J.P. Morgan Securities Inc.
Certain matters discussed in this press release are "forward-looking statements"
intended to qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because of the context of the
statement and will include words such as "believes," "anticipates," "expects,"
"estimates," or words of similar import. Similarly, statements that describe
Hanover's future plans, objectives or goals are also forward-looking statements.
Such forward-looking statements are subject to certain risks and uncertainties,
which could cause actual results to differ materially from those anticipated as
of the date of this press release. The risks and uncertainties include: the loss
of market share through competition, the introduction of competing technologies
by other companies; a prolonged, substantial reduction in oil and gas prices
which would cause a decline in the demand for Hanover's compression and oil and
gas production equipment; new governmental safety, health and environmental
regulations which could require Hanover to make significant capital
expenditures; inability to successfully integrate acquired businesses; and
changes in economic or political conditions in the countries in which Hanover
operates. The forward-looking statements included in this press release are only
made as of the date of this press release, and Hanover undertakes no obligation
to publicly update such forward-looking statements to reflect subsequent events
or circumstances. A discussion of these factors is included in the Company's
periodic reports filed with the Securities and Exchange Commission.
SIGNATURES
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.
HANOVER COMPRESSOR COMPANY
Date: December 4, 2001 By: /s/ Michael J. McGhan
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Michael J. McGhan
President and Chief Executive Officer