Dresser-Rand Announces Offering of Senior Notes

Dresser-Rand Group Inc. DRC announced today that it intends to offer approximately $375 million in aggregate principal amount of senior subordinated notes due 2021. The net proceeds from the offering of the Notes are expected to be used to fund the previously announced cash tender offer by Dresser-Rand for any and all of its outstanding 7-3/8% Senior Subordinated Notes due November 1, 2014 and to redeem any 2014 Notes not purchased in such tender offer.