Regency extends exchange offer in connection with midstream acquisition

Regency Energy Partners LP

Regency Energy Partners LP (NYSE: RGP) and Regency Energy Finance Corp. have extended the expiration date of their previously announced offer to exchange and related consent solicitation in connection with the outstanding 8.375% senior notes due 2019 of Eagle Rock Energy Partners LP (NASDAQ: EROC) and Eagle Rock Energy Finance Corp.

Pursuant to the exchange offer, Regency is offering to exchange any and all of the outstanding existing Eagle Rock notes, of which $550 million in aggregate principal amount is outstanding, for up to $550 million in aggregate principal amount of 8.375% senior notes due 2019 to be issued by the Regency Issuers.

Regency is conducting the exchange offer and consent solicitation in connection with its pending acquisition of Eagle Rock’s midstream business, and the closing of the exchange offer and consent solicitation are conditioned upon, among other things, consummation of the Eagle Rock midstream acquisition.

 

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