Analyst Research
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Provider: Thomson Reuters Stock Report
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$25.00
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Provider: Reuters Investment Profile
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$20.00
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Provider: Zacks Investment Research Inc.
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$12.00
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Provider: Wright Reports
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$368.00
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Southcross Energy Partners LP Prices Initial Public Offering
Southcross Energy Partners LP announced the pricing of initial public offering of 9,000,000 common units at $20.00 per unit. The common units are expected to begin trading on the New York Stock Exchange on November 2, 2012 under the ticker symbol SXE. The underwriters have the option to purchase up to an additional 1,350,000 common units from the Partnership at the same price. The offering is expected to close on or about November 7, 2012, subject to customary closing conditions. Upon conclusion of the offering, the public will own an approximate 36% limited partner interest in the Partnership, or an approximate 42% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units. Southcross Energy LLC will hold, directly or indirectly, a 2% general partner interest and an approximate 62% limited partner interest in the Partnership, or an approximate 56% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units. Citigroup, Wells Fargo Securities, Barclays and J.P. Morgan are acting as joint book-running managers for the offering. RBC Capital Markets, Raymond James, Baird, Stifel Nicolaus Weisel and SunTrust Robinson Humphrey are acting as co-managers for the offering.
Latest Developments for Southcross Energy Partners LP
- Southcross Energy Partners LP Issues Q4 2013 EBITDA Guidance; Lowers FY 2013 EBITDA Guidance
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- Southcross Energy Partners LP Files For $230 Million Initial Public Offering-MarketLine
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