Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - EnLink Midstream Partners, LP | d70795e8vk.htm |
| EX-99.3 - EX-99.3 - EnLink Midstream Partners, LP | d70795exv99w3.htm |
| EX-99.2 - EX-99.2 - EnLink Midstream Partners, LP | d70795exv99w2.htm |
| EX-99.4 - EX-99.4 - EnLink Midstream Partners, LP | d70795exv99w4.htm |
| EX-12.1 - EX-12.1 - EnLink Midstream Partners, LP | d70795exv12w1.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
JANUARY 26, 2010
JANUARY 26, 2010
| Contact: | Jill McMillan, Director, Public & Industry Affairs Phone: (214) 721-9271 Jill.McMillan@CrosstexEnergy.com |
CROSSTEX ENERGY, L.P. ANNOUNCES $700 MILLION PRIVATE PLACEMENT OF
SENIOR NOTES DUE 2018
SENIOR NOTES DUE 2018
DALLAS, January 26, 2010 — The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX)
(the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), announced today that,
the Partnership and its subsidiary, Crosstex Energy Finance Corporation, intend to sell $700
million in aggregate principal amount of senior unsecured notes due 2018 in a private placement to
eligible purchasers. The transaction is subject to market conditions. The Partnership intends to
use the net proceeds of this offering to repay existing long-term indebtedness.
The securities to be offered have not been registered under the Securities Act of 1933, as amended,
(the “Securities Act”), or any state securities laws, and unless so registered, the securities may
not be offered or sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act and applicable
state securities laws. The Partnership plans to offer and issue the notes only to qualified
institutional buyers pursuant to Rule 144A under the Securities Act and to persons outside the
United States pursuant to Regulation S.
This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither
an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall
not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or
any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
-more-
Crosstex Energy, L.P. Announces $700 Million Private Placement of Senior Notes Due 2018
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About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates
approximately 3,300 miles of pipeline, 9 processing plants and three fractionators. The Partnership
currently provides services for 3.2 billion cubic feet of natural gas per day, or approximately six
percent of marketed U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner interest, a 25 percent limited partner
interest and the incentive distribution rights of Crosstex Energy, L.P.
This press release contains forward-looking statements within the meaning of the federal securities
laws. These statements are based on certain assumptions made by the Partnership and the
Corporation based upon management’s experience and perception of historical trends, current
conditions, expected future developments and other factors the Partnership and the Corporation
believe are appropriate in the circumstances. These statements include, but are not limited to,
statements with respect to the Partnership’s private placement of senior notes. Such statements are
subject to a number of assumptions, risks and uncertainties, many of which are beyond the control
of the Partnership and the Corporation, which may cause the Partnership’s and the Corporation’s
actual results to differ materially from those implied or expressed by the forward looking
statements. These risks include, but are not limited to, risks discussed in the Partnership’s and
the Corporation’s filings with the Securities and Exchange Commission. The Partnership and the
Corporation have no obligation to publicly update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
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