
Midstream natural gas services provider Regency Energy Partners LP has amended and extended its $900 million revolving credit facility through June 15, 2014. The pricing grid remains unchanged from the previous facility.
Byron Kelley, chairman, president and CEO of the Dallas based company said the extension “enhances” the company’s financial flexibility and will enable the company to execute on its growth strategy.
Last fall, the hoped to raise $80 million in private capital by issuing $80 million of Series A Convertible Preferred Units priced at $18.30 per unit. Regency anticipated using net proceeds of $63 million to purchase an additional 5% ownership interest in the Haynesville Joint Venture from an affiliate of GE Energy Financial Services.
In January, Regency Energy Partners, Alinda Capital Partners LLC, and an affiliate of GE Energy Financial Services completed the construction of the Haynesville Expansion Project. The 121-mile project in North Louisiana will transport gas from the Haynesville Shale.
Regency Energy Partners LP is engaged in the gathering, contract compression, processing, marketing and transporting of natural gas and natural gas liquids. Regency's general partner is majority-owned by an affiliate of GE Energy Financial Services, a unit of GE.




