Regency Energy Partners LP (NYSE: RGP) announced a public offering of $500 million of its senior notes due 2023.

Regency Energy Finance Corp., a wholly-owned direct subsidiary of Regency, will serve as the co-issuer of the notes.

Regency intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility.

Citigroup, RBS, BofA Merrill Lynch, Barclays, Credit Suisse, J.P. Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities are acting as joint book-running managers for this offering.