Regency Energy to price $500 million seven-year bullet notes in Wednesday drive-by offering

By Paul A. Harris

Portland, Ore., Sept. 4 - Regency Energy Partners LP plans to price a $500 million offering of non-callable seven-year senior notes (existing ratings B1/BB) in a quick-to-market Wednesday transaction, according to market sources.

RBS Securities Inc., BBVA, Comerica, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, Natixis, RBC Capital Markets and Scotia Capital are the joint bookrunners for the public offering.

The Dallas-based master limited partnership plans to use the proceeds to repay revolver debt.

Regency Energy Partners is engaged in the gathering and processing, compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids. Its general partner is owned by Energy Transfer Equity, LP.

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