Crosstex Energy, L.P. Prices Offering of 1.5 Million Common Units at $35.97.Energy Editors/Business Editors DALLAS--(BUSINESS WIRE)--Sept. 3, 2003 Crosstex Energy, L.P. (NasdaqNM:XTEX), a Texas-based midstream natural gas company, today announced that it has priced its offering of 1.5 million newly issued common units at a price of $35.97 per unit. The common units represent a limited partner interest in Crosstex. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this offering will be used to repay a portion of the borrowings incurred in connection with recent acquisitions and capital projects, including the recent acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. from Duke Energy Field Services, L.P. A.G. Edwards & Sons Inc. acted as lead manager and Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . and RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
Crosstex Energy, L.P., a mid-stream natural gas company headquartered in Dallas, operates approximately 2,500 miles of pipeline, three processing plants and approximately 40 natural gas amine amine (əmēn`, ăm`ēn): see under amino group. amine Any of a class of nitrogen-containing organic compounds derived, either in principle or in practice, from ammonia (NH3). treating plants. Crosstex currently provides services for over 1,000,000 MMBtu/day of natural gas. This news release contains forward-looking statements, which are statements that are not historical in nature such as our plan to repay borrowings with the proceeds from the offering. Forward-looking statements are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or any underlying assumption proves incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the key factors that could cause actual results to differ materially from those referred to in the forward-looking statements, are: (1) the amount of natural gas transported in our gathering and transmission lines may decline as a result of competition for supplies, reserve declines and reduction in demand from key customers and markets; (2) the level of our processing and treating operations may decline for similar reasons; (3) fluctuations in natural gas and NGL NGL - A dialect of IGL. prices may occur due to weather and other natural and economic forces; (4) there may be a failure to successfully integrate new acquisitions; (5) our credit risk management efforts may fail to adequately protect against customer nonpayment; and (6) we may not adequately address construction and operating risks. These and other risks and assumptions are described in the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering and other reports that are available from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities and Exchange Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy the common units, which is being made only pursuant to the prospectus relating to the offering. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to this offering may be obtained from the offices of A.G. Edwards & Sons Inc., One North Jefferson Avenue, St. Louis, Missouri 63103. |
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