Baird served as a co-manager on this offering.
AboutSouthcross 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:
- January 2014
- Southcross Energy Partners, L.P.
- Target Location
- North America