Crosstex Energy to repay some revolver debt with common units offering

By Sara Rosenberg

New York, July 10 - Crosstex Energy LP plans to repay part of the outstanding debt under its revolver with proceeds from an offering of 1.5 million common units.

Some of the revolver debt that would be repaid is funds that were borrowed for the recent acquisition of assets from Duke Energy Field Services, LP.

Crosstex is a Dallas natural gas company.

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