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Southcross Energy Partners Opens Public Offering

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January 30, 2014

Southcross Energy Partners LP (NYSE: SXE) opened a public offering of 8 million common shares, the company said Jan. 29. The shares represent limited partner interests in the partnership, pursuant to a recent shelf registration filed with the Securities and Exchange Commission (SEC), the company added. Additionally, Southcross gave underwriters a monthlong option to purchase up to 1,200,000 additional shares, the company said.

Net proceeds, including those from the underwriters’ option, will fund the new Webb pipeline and supplement general partnership purposes, the company said. Southcross will also temporarily repay ...

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