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Stock Market & Financial Investment News

News Breaks
July 1, 2014
09:27 EDTRGP, EROC, ETERegency closes on acquisition of Eagle Rock Energy midstream business
Regency Energy Partners (RGP) announced that it has closed on its previously announced acquisition of the midstream business of Eagle Rock Energy (EROC) for a combination of cash, Regency common units and assumption of indebtedness. Regency issued approximately 8.2M Regency common units to Eagle Rock and assumed approximately $500M of outstanding Eagle Rock senior notes and exchanged those notes into Regency senior notes. Regency will fund the cash consideration with proceeds from a $400M private placement of Regency common units to a subsidiary of Energy Transfer Equity (ETE), the owner of Regency’s general partner, and borrowings under Regency’s revolving credit facility.
News For RGP;EROC;ETE From The Last 14 Days
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July 28, 2014
07:31 EDTRGPRegency Energy Partners increases cash distribution 6.5% to 49c per share
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July 24, 2014
11:59 EDTETEEnergy Transfer Equity increases quarterly distribution by 5.9% to 38c
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July 22, 2014
06:12 EDTRGPRegency Energy Partners files to sell 8.3M common units for limited partners

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