Crosstex to start roadshow Wednesday for $700 million eight-year notes

By Paul A. Harris

St. Louis, Jan. 26 - Crosstex Energy, LP and Crosstex Energy Finance Corp. will begin a roadshow on Wednesday for their $700 million offering of eight-year senior notes, according to an informed source.

The roadshow wraps up on Feb. 3.

Bank of America Merrill Lynch, BNP Paribas Securities Corp., RBC Capital Markets Corp., Wells Fargo Securities, UBS Investment Bank and Goldman Sachs & Co. are joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to repay the company's outstanding senior secured notes.

Crosstex is a Dallas-based natural gas gathering, transmission, processing and marketing company.

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