Exhibit 99.1
REGENCY ENERGY PARTNERS ANNOUNCES PRICING OF UPSIZED PUBLIC OFFERING OF COMMON UNITS
DALLAS, August 11, 2010 — Regency Energy Partners LP (Nasdaq: RGNC) (“Regency”) today announced that it has priced an upsized public offering of 15,250,000 common units representing limited partner interests at $23.80 per common unit. In connection with the offering, Regency granted the underwriters a 30-day option to purchase up to an additional 2,287,500 common units. Regency intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit facility. The offering is scheduled to close on August 16, 2010.
The common units are listed on the NASDAQ Global Select Market under the symbol “RGNC.”
Morgan Stanley, BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities are joint book-running managers for the offering; Deutsche Bank Securities, Morgan Keegan & Company, Inc., RBC Capital Markets, Stifel Nicolaus Weisel and Baird are co-managers.
The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the prospectus supplement and accompanying base prospectus meeting such requirements relating to the offering may be obtained from the offices of:
Morgan Stanley | BofA Merrill Lynch | Barclays Capital | ||
Attn: Prospectus Department | Attn: Prospectus Department | via Broadridge | ||
180 Varick Street, 2nd Floor | 4 World Financial Center | Financial Solutions | ||
New York, NY 10014 | New York, NY 10080 | 1155 Long Island Avenue | ||
E-mail: prospectus@morganstanley.com | Email:dg.prospectus_requests@baml.com | Edgewood, NY 11717 | ||
Toll-free: 866-718-1649 | Toll-free: 888-603-5947 | |||
Citi | Credit Suisse | J.P. Morgan | ||
Attn: Prospectus Department | Attn: Prospectus Department | via Broadridge Financial Solutions | ||
Brooklyn Army Terminal | One Madison Avenue, 1B | 1155 Long Island Avenue | ||
140 58th Street, 8th Floor | New York, NY 10010 | Edgewood, NY 11717 | ||
Brooklyn, NY 11220 | Toll-free: 800-221-1037 | Toll-free: 866-803-9204 | ||
Toll-free: 877-858-5407 | ||||
UBS Investment Bank | Wells Fargo Securities | |||
Attn: Prospectus Department | Attn: Equity Syndicate Department | |||
299 Park Avenue | 375 Park Avenue | |||
New York, NY 10171 | New York, NY 10152 | |||
Toll-free: 888-827-7275 | Email: equity.syndicate@wellsfargo.com | |||
Toll-free: 800-326-5897 |
Regency Energy Partners LP (Nasdaq: RGNC) is a growth-oriented, midstream energy partnership engaged in the gathering, contract compression, processing, marketing and transporting of natural gas and natural gas liquids. Regency’s general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit the Regency Energy Partners LP website at www.regencyenergy.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the units described herein, nor shall there be any sale of these units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Statements about the proposed offering are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of Regency Energy Partners LP, and a variety of risks that could cause results to differ materially from those expected by management of Regency Energy Partners LP.
CONTACT:
Investor Relations:
Shannon Ming
Vice President, Investor Relations & Corporate Finance Support
Regency Energy Partners
214-840-5477
IR@regencygas.com
Shannon Ming
Vice President, Investor Relations & Corporate Finance Support
Regency Energy Partners
214-840-5477
IR@regencygas.com
Media Relations:
Lauren Griffin
HCK2 Partners
972-743-8709
lauren.griffin@hck2.com
Lauren Griffin
HCK2 Partners
972-743-8709
lauren.griffin@hck2.com