CAM Cameron International Corp.

Cooper Cameron Enters Into New Revolving Credit Agreement HOUSTON, Dec. 15 /PRNewswire-FirstCall/ -- Cooper Cameron Corporation has entered into a Revolving Credit Agreement with a syndicate of relationship banks led by Bank One, NA. (Logo: http://www.newscom.com/cgi-bin/prnh/20010706/CAMLOGO ) The new agreement, which expires on December 12, 2007, provides Cooper Cameron with an aggregate borrowing capacity of up to $200 million of floating-rate revolving credit advances or letters of credit. This facility replaces Cooper Cameron's previous revolving credit agreement, which the Company allowed to expire on July 7, 2003. None of the new facility's borrowing capacity is currently utilized. Cooper Cameron Corporation is a leading international manufacturer of oil and gas pressure control equipment, including valves, wellheads, controls, chokes, blowout preventers and assembled systems for oil and gas drilling, production and transmission used in onshore, offshore and subsea applications. Cooper Cameron is also a leading manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. Website: http://www.coopercameron.com/ http://www.newscom.com/cgi-bin/prnh/20010706/CAMLOGO http://photoarchive.ap.org/ DATASOURCE: Cooper Cameron Corporation CONTACT: R. Scott Amann, Vice President, Investor Relations of Cooper Cameron Corporation, +1-713-513-3344 Web site: http://www.coopercameron.com/

Copyright