Dresser-Rand Group has raised $375 million in sale of senior subordinated notes. The custom-engineered rotating equipment solutions supplier’s notes carry a coupon rate of 6.5% and are due to mature in 2021.

Dresser-Rand appointed UBS and Goldman Sachs as joint lead managers. The company plans to use the net proceeds to finance a previously announced cash tender offer for any and all of its outstanding 7-3/8% senior subordinated notes due November 1, 2014.

Click here for the release from PR Newswire.