Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering.
About
Crosstex Energy, L.P. (“Crosstex Energy” or the “Partnership”) (NASDAQ-GS: XTEX) recently completed a follow-on offering of 8,280,000 common units at a price of $20.33 per unit, generating gross proceeds of approximately $168.3 million. The Partnership intends to use the net proceeds from the offering for capital expenditures for currently identified projects, including the Cajun-Sibon NGL pipeline expansion, and for general partnership purposes. Crosstex Energy is an independent midstream energy company engaged in the gathering, processing, transmission and marketing to producers of natural gas, natural gas liquids (“NGLs”) and crude oil. The Partnership also provides crude oil, condensate and brine services to producers. Crosstex Energy is headquartered in Dallas, Texas.For additional information about this transaction, please contact:
- Date
- June 2013
- Company
- Crosstex Energy, L.P.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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