Regency Energy Partners Raises $200 Million to Fuel Growth (Business Wire)

DALLAS--(BUSINESS WIRE)--Regency Energy Partners LP (Nasdaq: RGNC - News ), (“Regency” or the “Partnership”), announced today that it has agreed to raise $200 million of common equity. Regency will issue approximately 9 million common units to affiliates of GE Energy Financial Services, funds managed by Kayne Anderson Capital Advisors, LP, RCH Energy Partners, Swank Energy Income Advisors, LP, Lehman Brothers MLP Opportunity Fund, LP, and certain other institutional investors. GE Energy Financial Services is the owner of Regency’s general partner. Net proceeds of $204 million from the issuance, including the general partner’s proportionate capital contribution, will be used to repay indebtedness under Regency’s revolver and to fund upcoming growth opportunities. After completion of the offering, the Partnership will have... [read full story]