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Southcross Holdings secures $210 million of preferred financing
By Lisa Kerner
Charlotte, N.C., Nov. 7 – Southcross Holdings LP completed a $210 million preferred equity commitment from Energy Capital Partners Mezzanine Opportunities Fund and GE Energy Financial Services.
According to Southcross, the investment will enable it to further integrate the assets from the recent TexStar combination and to further build out its operating footprint in the Eagle Ford region.
Barclays acted as financial adviser for Southcross.
Southcross Holdings owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross Energy Partners, LP.
Southcross Energy is a Dallas-based master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquids fractionation and transportation services.
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