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Crosstex Energy Prices $725 Million Of Senior Notes

February 4, 2010 (FinancialWire) — The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) and Crosstex Energy, Inc. (NASDAQ: XTXI) said that the Partnership and its subsidiary, Crosstex Energy Finance, priced an offering of $725 million of 8.875 percent senior unsecured notes due 2018 at an issue price to yield 9.250 percent to maturity.

The offering is scheduled to close on February 10. The Partnership plans to use the net proceeds of this offering, together with borrowings under its proposed new senior secured credit facility, to repay in full amounts outstanding under the Partnership’s existing credit facility and senior secured notes and to pay related fees, costs and expenses, including the settlement of interest rate swaps associated with the existing credit facility.

Dallas-based Crosstex Energy, L.P., a midstream natural gas company, operates approximately 3,300 miles of pipeline, nine processing plants and three fractionators. The Partnership currently provides services for 3.2 billion cubic feet of natural gas per day, or approximately six percent of marketed U.S. daily production.

Crosstex Energy, Inc. owns the two percent general partner interest, a 25 percent limited partner interest and the incentive distribution rights of Crosstex Energy, L.P.

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