New Issue: Crosstex Energy to sell $100 million of common units in direct offering

By Devika Patel

Knoxville, Tenn., April 9 - Crosstex Energy, LP said it has negotiated a direct offering of common units that will raise $100 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission and a company news release.

This deal is being conducted under the company's existing shelf registration.

The company will sell 3,333,334 common units at $30.00 apiece to a group of entities affiliated with Kayne Anderson Capital Advisors, LP and Swank Energy Income Advisors, LP.

Crosstex is a Dallas-based mid-stream natural gas company.

Issuer:	Crosstex Energy, LP
Issue:	Common units
Amount:	$100,000,020
Units:	3,333,334
Price:	$30.00
Warrants:	No
Pricing date:	April 9
Stock symbol:	Nasdaq: XTEX
Stock price:	$32.05 at close April 9

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