Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering.

About

Southcross Energy Partners, L.P. (“Southcross” or the “Partnership”) (NYSE: SXE) recently completed a follow-on offering of 9,200,000 common units at a price of $16.50 per unit, generating gross proceeds of $151.8 million. The Partnership intends to use the net proceeds from the offering to fund the recently announced construction of Southcross’ new Webb Pipeline and for general partnership purposes, including future acquisitions.

Southcross is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquids (“NGL”) fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include three gas processing plants, two fractionation plants and approximately 2,740 miles of pipeline. The Partnership is headquartered in Dallas, Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
January 2014
Company
Southcross Energy Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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