Regency Energy to draw on revolver for Nexus purchase

By Sara Rosenberg

New York, Feb. 25 - Regency Energy Partners LP plans to use borrowings under its revolving credit facility to fund the $85 million acquisition of Nexus Gas Holdings LLC, according to a news release.

Closing of the transaction is expected to occur in late first quarter or early second quarter, subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions.

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

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