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Crosstex Energy Commences Registered Exchange Offer For Previously Issued 7⅛ Percent Senior Notes Due 2022

Stocks in this article: XTEX XTXI

Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) announced today that the Partnership and its wholly-owned subsidiary, Crosstex Energy Finance Corporation, are offering to exchange $250 million of their outstanding 7⅛ percent Senior Notes due 2022, which were privately placed on May 24, 2012, for a like principal amount of 7⅛ percent Senior Notes due 2022 that have been registered under the U.S. Securities Act of 1933, as amended (the “Act”). The exchange notes are being offered pursuant to a registration rights agreement previously entered into in connection with the issuance of the outstanding notes.

The terms of the exchange notes are substantially the same as the terms of the outstanding notes, except that the exchange notes have been registered under the Act and the transfer restrictions, registration rights and provisions for additional interest relating to the outstanding notes do not apply to the exchange notes. Any outstanding original notes that are not exchanged will continue to be subject to the existing transfer restrictions.

The exchange offer will expire at 5:00 p.m., New York City time, on April 9, 2013, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.

The terms of the exchange offer are set forth in a prospectus dated March 8, 2013. Documents related to the offer, including the prospectus and the associated letter of transmittal, have been filed with the Securities Exchange Commission, and may be obtained from the exchange agent, Wells Fargo Bank, N.A. Wells Fargo’s address, telephone number and facsimile number are as follows:

By Registered or Certified Mail
Wells Fargo Bank, N.A.
MAC N9303-121
P.O. Box 1517
Minneapolis, Minnesota 55480
 
By Overnight Delivery
Wells Fargo Bank, N.A.
MAC N9303-121
6th & Marquette Avenue
Minneapolis, Minnesota 55479
 
By Hand Delivery
Wells Fargo Bank, N.A.
608 2nd Avenue South

Northstar East Building—12th Floor

Minneapolis, Minnesota
 
Facsimile Transmission
612-667-6282
Attn: Corporate Trust Operations
Confirm by Telephone:
800-344-5128
 

This press release shall not constitute an offer to exchange nor a solicitation of an offer to exchange the original notes. The exchange offer is being made only by the prospectus dated March 8, 2013, and only to such persons and in such jurisdictions as is permitted under applicable law.

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