Crosstex Energy LP - 2011-05-03

Completed an amendment and extension of the partnership's revolving credit facility, creating an improved long-term capital structure and increased financial flexibility. The amendment to the partnership's existing credit facility increases the maximum amount of the revolving credit facility from $420 million to $485 million; extends the maturity date of the revolving credit facility from February 10, 2014, to May 2, 2016; reduces pricing on borrowings and letters of credit; and increases investment optionality.