Regency Energy Partners LP - 2011-03-23
Description
Plans to issue approximately 8.5 million common units to funds managed by each of Kayne Anderson Capital Advisors LP, Tortoise Capital Advisors LLC and Fiduciary Asset Management Inc.
Net proceeds from the issuance will be used, in part, to fund a portion of Regency's 30% ownership interest ($578 million) in a joint venture with Energy Transfer Partners. The joint venture recently announced an agreement to acquire LDH Energy Asset Holdings LLC from Louis Dreyfus Highbridge Energy LLC.