Crosstex Energy LP - 2012-05-10
Description
Priced offering of 8,800,000 common units representing limited partner interests of the Partnership at $16.28 each to fund capital expenditures for currently identified projects, including the Cajun-Sibon natural gas liquids pipeline expansion and the Riverside facility expansion project. Pending such use, the Partnership will reduce borrowings under its existing credit facility. Wells Fargo Securities, BofA Merrill Lynch, Citigroup and RBC Capital Markets will act as joint book-running managers for the offering.