Regency Energy talks $600 million 10.5-year notes at 4½%-4¾%; pricing expected Wednesday

By Aleesia Forni

Virginia Beach, Va., April 24 - Regency Energy Partners LP and Regency Energy Finance Corp. have set talk for their proposed $600 million issue of senior notes (B1/BB) due 2023 at 4½% to 4¾%, according to a market source.

An investor call is scheduled for 11 a.m. ET and books close at 12:30 p.m.

The issue is expected to price early Wednesday afternoon.

The Rule 144A and Regulation S with registration rights notes will be non-callable.

Proceeds will be used to fund the acquisition of Southern Union Gathering Co.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Dallas-based Regency Energy is involved in the gathering, processing and transportation of natural gas, and the transportation and storage of natural gas liquids.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.