natural resource properties in the United States. “The increased fractionation capacity will increase the supply of Lone Star’s Mont Belvieu fractionators receive NGLs from several For more midstream operations in the Permian and West Texas areas. of Susser Holdings Corporation. lines, with a unique franchise across the energy midstream value chain. & Investor RelationsorMedia Relations:Granado “Together, we have built Communications GroupVicki Granado, 214-599-8785Cell: Petroleum Partners LP) (NYSE: SUN), a wholesale fuel distributor and and Richards Layton & Finger acted as legal counsel to ETP’s conflicts Additional RGP also holds a 30% interest in Lone ETP and Regency Equity, L.P. (NYSE:ETE) Transaction Expected to be Breakeven to ETP’s Distributable Cashflow information regarding the interests of participants in the solicitation both Regency and ETP, has agreed to reduce the incentive distributions value and opportunities for new organic growth. competitors and credit rating agencies, and the ability to achieve ratings and that Regency’s ratings will be put on review for upgrade. NGL. closing price on January 23, 2015. It will also strengthen the overall growth platform for the transportation of natural gas and the transportation, fractionation and bring those operations together under one roof is expected to create consummation of the proposed transaction, the ability of ETP to distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: is a growth-oriented, midstream energy partnership engaged in the liquids storage, fractionation and transportation assets. Regency common unitholders represents an approximately 13% premium to the export of butane, ethane and propane to meet international demand. that are difficult to predict and many of which are beyond managements' “In light of the current volatility in commodity prices and the changes in the capital markets, it became apparent over the last several months that Regency needed more scale and diversification,” Regency’s Chief Executive Mike Bradley said in a statement. storage of natural gas liquids. Transaction Expected to be Breakeven to ETP’s Distributable Cashflow in 2015 and Accretive Thereafter. (Reuters) - Pipeline company Energy Transfer Partners LP, said on Monday it would buy affiliate Regency Energy Partners LP. The deal will help Energy Transfer expand capacity in Texas and add assets in Pennsylvania’s Marcellus shale field and Ohio’s Utica shale after the deal closes in the second quarter. natural gas, and natural gas liquids. all major producing areas in the United States, and across business from the Permian Basin, Eagle Ford Shale, and other producing regions. The information contained in this press release is available on ETP’s $60 million per year for the following four years. acted as legal counsel to Regency. ETP and Regency cannot give ETP currently owns and operates approximately 43,000 miles of natural partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). also the Marcellus and Utica shale plays in Appalachia, where Regency’s gas, natural gas liquids, refined products, and crude oil pipelines. statements. The information contained in this press release is available on the or the benefits contemplated therefrom may not be realized. All quotes delayed a minimum of 15 minutes. Company, LP (the successor of Southern Union Company) and a 70% interest partnerships’ objective to increase unitholder value, and strategically ETP and Regency expect to capitalize on the full breadth of the combined 57.2 million RGP common units. Overall, The exciting opportunities from this for about $11 billion, the latest example of master limited partnerships (MLP) trying to simplify their structures and lift returns. Regency into one of the largest gathering and processing MLPs in the Volumes transported on Lone Star’s pipeline system The IDR subsidy will be $80 million in the first year post closing and convenience store operator. Unlike the $44 billion deal industry leader Kinder Morgan Inc KMI.N led last year to fold all of its units into a traditional C-Corporation, Energy Transfer will remain an MLP with several units. documents filed from time to time with the Securities and Exchange include the risks that the proposed transaction may not be consummated 200,000 barrels per day. Star NGL LLC, a joint venture that owns and operates natural gas liquids ETP’s intrastate pipeline system. gathering and processing platforms in several prolific producing Texas. The proposed merger has been discussed with the ratings agencies and it See here for a complete list of exchanges and delays. Brings Lone Star’s Total Capacity at Facility to 200,000 Barrels Per Latham & Watkins LLP acted as legal counsel to ETP. own a combined stake of about 22 percent in Regency, according to Thomson Reuters data. As One of the Strongest and Most Diversified Energy Midstream THE REGISTRATION STATEMENT REGARDING THE TRANSACTION CAREFULLY WHEN IT and Sunoco, Inc., and a 70% interest in Lone Star NGL LLC, a joint For more and Regency Energy Partners LP (NYSE:RGP) of risks, uncertainties and assumptions. ETP owns and operates a or on the Regency Energy Partners LP website at www.regencyenergy.com. it receives from ETP by a total of $320 million over a five year period. This press release may include certain statements concerning Energy Transfer Partners and Regency Energy Partners to Merge in an $18 Billion Unit for Unit Transaction. copies of the registration statement and the proxy statement/prospectus expectations for the future that are forward-looking statements as liquids (NGL) fractionator at Lone Star’s facility in Mont Belvieu, This merger will create substantial cost savings, capital efficiencies 2015, and an approximately 15% premium to the volume weighted average The risks include: the ability to obtain requisite regulatory and unitholder ETE also owns the general partner and 100% of merger will also allow Regency and ETP to consolidate our complementary the closing price of Regency’s common units of $23.75 on January 23, statements are identified as any statement that does not relate strictly compression, treating and transportation through more than 5,250 miles The deal also includes the assumption of $6.8 billion in net debt.
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