Regency Energy Partners LP - 2010-10-14
Priced public offering of $600 million aggregate principal amount of 6 7/8% senior notes due 2018. Offering was increased from an initial $500 million. Regency Energy Finance Corp., a direct subsidiary of Regency, is the co-issuer of the notes. A portion of the net proceeds will be used to fund tender offer for up to $357.5 million of its outstanding 8 3/8% senior notes due 2013. The remaining net proceeds will be used to reduce outstanding borrowings under its revolving credit facility and to pay fees and expenses associated with the tender offer. BofA Merrill Lynch represents the underwriters.