Southcross Energy Partners LP - 2014-02-05

Description

Closed its public offering of 9.2 million common units sold at $16.50 per unit with a fully exercised over-allotment option. Net proceeds will be used to fund the construction of its Webb Pipeline and for general partnership purposes, including future acquisitions. Citigroup, Wells Fargo Securities, Barclays, J.P. Morgan, Raymond James, and RBC Capital Markets were joint book-running managers. Baird and Stifel were co-managers.

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Estimated Price
$148.5MM
Financing Type
Report Date