Regency Energy Partners LP - 2012-03-20

Description

Priced an underwritten public offering of 11,000,000 common units representing limited partner interests at $24.47 per common unit. Regency intends to use the net proceeds of the offering, including any proceeds from the exercise of the underwriters’ option to purchase additional common units, to repay borrowings outstanding under its revolving credit facility and to redeem up to 35% in aggregate principal amount of its outstanding 9.375% Senior Notes due 2016. Any remaining net proceeds will be used for general partnership purposes. BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank are acting as joint book-running managers for the offering and Global Hunter Securities and Morgan Keegan are acting as co-managers for the offering.

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Estimated Price
$269.1MM
Financing Type
Report Date