Southcross Energy Partners, L.P. IPO Info
Company Name: Southcross Energy Partners, L.P.
Stock Symbol: SXE
Exchange: NYSE
Status: Priced
IPO Date: 11/2/2012
IPO Price:
20.00 (
18.90%)
Underwriters
Citigroup, Wells Fargo Securities, Barclays, J.P. Morgan, RBC Capital Markets, Raymond James, Baird, Stifel Nicolaus Weisel, SunTrust Robinson Humphrey
Amount of Offering: N/A
Number of Shares Offered: 9 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Southcross Energy Partners, L.P. is a growth-oriented limited partnership that was formed by members of our management team and Charlesbank to own, operate, develop and acquire midstream energy assets. The company provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquids, or NGLs, fractionation and transportation services for their producer customers, primarily under fixed-fee and fixed-spread contracts, and also source, purchase, transport and sell natural gas and NGLs to power generation, industrial and utility customers primarily under fixed-spread contracts. Assets are located in South Texas, Mississippi and Alabama. The South Texas assets operate in or within close proximity to the Eagle Ford shale region.
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