Southcross Energy Partners, L.P. Prices Public Offering of Common Units

DALLAS--()--Southcross Energy Partners, L.P. (NYSE:SXE) (“Southcross” or the “Partnership”) announced today the pricing of its public offering of 8,000,000 common units at $16.50 per unit. The Partnership also granted the underwriters a 30-day option to purchase up to an additional 1,200,000 common units from the Partnership at the public offering price, less the underwriting discount. The offering is expected to close on or about February 5, 2014, subject to customary closing conditions. Southcross plans to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option, to fund the recently announced construction of Southcross’ new Webb Pipeline and for general partnership purposes, including future acquisitions. Pending such use, Southcross will temporarily repay borrowings under its revolving credit facility.

Citigroup, Wells Fargo Securities, Barclays, J.P. Morgan, Raymond James and RBC Capital Markets are acting as joint book-running managers for the offering. Baird and Stifel are acting as co-managers for the offering.

When available, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC’s website at www.sec.gov or from the underwriters of the offering as follows:

Citigroup   Wells Fargo Securities
c/o Broadridge Financial Solutions Attention: Equity Syndicate Dept
1155 Long Island Avenue 375 Park Avenue
Edgewood, NY 11717

New York, NY 10152

1-800-831-9146 1-800-326-5897

batprospectusdept@citi.com

cmclientsupport@wellsfargo.com

 
Barclays J.P. Morgan
c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue
Edgewood, NY 11717 Edgewood, NY 11717
1-800-603-5847 1-866-803-9204

barclaysprospectus@broadridge.com

 
Raymond James & Associates, Inc. RBC Capital Markets
Attn: Equity Syndicate Three World Financial Center
880 Carillon Parkway 200 Vesey Street, 10th Floor
St. Petersburg, FL 33716 New York, NY 10281-8098
1-800-248-8863

1-877-280-1299

prospectus@raymondjames.com

CM-USA-Prospectus@rbc.com

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release includes certain statements concerning expectations for the future that are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical fact, are “forward-looking statement” for purposes of these provisions. No assurances can be given that the offering discussed above will be completed within a particular time frame, if at all. An extensive list of the specific risks and uncertainties affecting the Partnership is contained in its 2012 Annual Report on Form 10-K filed with the SEC on April 15, 2013 and other documents filed from time to time with the SEC. Any forward-looking statements in this press release are made as of the date of this press release and Southcross undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.

About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include three gas processing plants, two fractionation plants and approximately 2,740 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Southcross is headquartered in Dallas, Texas. Visit www.southcrossenergy.com for more information.

Contacts

Southcross Energy Partners, L.P.
Kristin Donnally, 214-979-3720
Investor Relations
investorrelations@southcrossenergy.com

Sharing

Contacts

Southcross Energy Partners, L.P.
Kristin Donnally, 214-979-3720
Investor Relations
investorrelations@southcrossenergy.com