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| Image credit: crosstex |
Sources have it that Crosstex Energy companies, Crosstex Energy, L.P and Crosstex Energy, Inc, announced that the Partnership has agreed to sell approximately 5.7 million common units to funds managed by Kayne Anderson Capital Advisors, L.P., a current Crosstex Energy, L.P. unitholder. Net proceeds from the issuance, after expenses have been deducted with the issuance will be approximately $75 million.
After the offering has been completed, the Partnership will have approximately 66.7 million common units outstanding.
The price for the common unit which was issued under the Partnership's existing shelf registration statement was $13.25 per unit.
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