Crosstex Energy L.P. - 2012-09-14

The partnership has completed its funding for its previously announced strategic growth initiatives – phase I of the Cajun-Sibon natural gas liquids pipeline expansion, phase II of the Riverside crude project and its Ohio River Valley business expansion. Crosstex Energy GP LLC has amended the partnership’s agreement of limited partnership. The amendment modifies the terms of the series A convertible preferred units held by funds managed by GSO Capital Partners LP to provide that cash distributions to the preferred units will be paid in-kind for the next six quarters.