Exhibit 99.1
REGENCY ENERGY PARTNERS LP ANNOUNCES
PRICING OF COMMON UNIT OFFERING
DALLAS, March 20, 2012 — Regency Energy Partners LP (NYSE: RGP) (“Regency”) announced today that it has priced an underwritten public offering of 11,000,000 common units representing limited partner interests at $24.47 per common unit.
In connection with the offering, Regency has granted the underwriters a 30-day option to purchase up to an additional 1,650,000 common units. Regency intends to use the net proceeds of the offering, including any proceeds from the exercise of the underwriters’ option to purchase additional common units, to repay borrowings outstanding under its revolving credit facility and to redeem up to 35% in aggregate principal amount of its outstanding 9.375% Senior Notes due 2016. Any remaining net proceeds will be used for general partnership purposes.
The offering is scheduled to close on March 23, 2012.
The common units are listed on the New York Stock Exchange under the symbol “RGP.”
BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and UBS Investment Bank are acting as joint book-running managers for the offering and Global Hunter Securities and Morgan Keegan are acting as co-managers for the offering. 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:
BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, NY 10080
Email: dg.prospectus_requests@baml.com
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 888-603-5847
Email: Barclaysprospectus@broadridge.com
Citigroup
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Telephone: 800-831-9146
Email: batprospectusdept@citi.com
Credit Suisse
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: 800-221-1037
Email: newyork.prospectus@credit-suisse.com
Deutsche Bank Securities
Attn: Prospectus Department
100 Plaza One, Floor 2
Jersey City, NJ 07311
Telephone: 800-503-4611
Email: prospectus.cpdg@db.com
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 866-803-9204
UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone: 888-827-7275
You may also obtain these documents for free when they are available from the Securities and Exchange Commission at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common units described herein, nor shall there be any sale of these common 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 state or jurisdiction.
Regency Energy Partners LP (NYSE: RGP) is a growth-oriented, midstream energy partnership engaged in the gathering and processing, contract compression, treating, transportation of natural gas, and the transportation, fractionation and storage of natural gas liquids. Regency’s general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE).
This release contains “forward-looking” statements, which are any statements that do not relate strictly to historical facts. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “plan,” “project,” “will” or similar expressions help identify forward-looking statements. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions, which
include, but are not limited to, the risks, uncertainties and assumptions enumerated in our Forms 10-Q and 10-K as filed with the Securities and Exchange Commission. Although we believe our forward-looking statements are based on reasonable assumptions, current expectations and projections about future events, we cannot give assurances that such assumptions, expectations and projections will prove to be correct. Therefore, actual results and outcomes may differ materially from those expressed in such forward-looking statements. We undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations:
Regency Energy Partners LP
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
ir@regencygas.com
or
Media Relations:
Vicki Granado
Granado Communications Group
214-599-8785
mailto:vicki@granadopr.com
