Regency Energy Partners LP (NYSE: RGP) opened a public offering of $600 million, in aggregate principal amount, of its senior notes due 2022, the company said Feb. 4. Proceeds will repay outstanding borrowings under revolving credit, and will also be used for general partnership purposes, the company said. Regency Energy Partners opened the offer with its wholly-owned subsidiary Regency Energy Finance Corp. as co-issuer, the company added.
BofA Merrill Lynch, Citigroup Inc. (NYSE: C), Credit Suisse (NYSE: CS), J.P. Morgan, Natixis (OTC: NTXFY), RBC Capital Markets, Royal Bank of Scotland Plc (NYSE: RBS), SunTrust Robinson Humphrey, Wells Fargo Securities LLC, PNC Capital Markets LLC, Scotiabank and UBS Investment Bank are all joint book-running managers, the company said.
Regency Energy Partners is a master limited partnership (MLP) based in Dallas. It gathers, processes and transports natural gas, and gathers crude oil.
Regency Energy Finance Corp. is owned by Energy Transfer Equity LP (NYSE: ETE). Energy Transfer Equity is based in Dallas.
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