Regency Energy Partners to repay bank debt with common units proceeds

By Sara Rosenberg

New York, July 23 - Regency Energy Partners LP plans to repay its term loan in full and a portion of revolving credit debt using proceeds from a public offering of 10 million common units, according to a news release.

The company also plans to redeem $192.5 million of its 8 3/8% senior notes due 2013.

Regency Energy is a Dallas-based midstream energy partnership engaged in the gathering, processing, marketing and transporting of natural gas and natural gas liquids.

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