Regency Energy Partners LP has agreed to raise $200 million of common equity. Regency will issue approximately 9 million common units to affiliates of GE Energy Financial Services, funds managed by Kayne Anderson Capital Advisors, LP, RCH Energy Partners, Swank Energy Income Advisors, LP, Lehman Brothers MLP Opportunity Fund, LP, and certain other institutional investors. GE Energy Financial Services is the owner of Regency's general partner.

Net proceeds of $204 million from the issuance, including the general partner's proportionate capital contribution, will be used to repay indebtedness under Regency's revolver and to fund upcoming growth opportunities. After completion of the offering, the Partnership will have approximately 81 million units outstanding.

The common units will be issued under the Partnership's existing shelf registration statement. The average price per unit was $22.18. The transaction is expected to close on August 1, 2008.

Tags: GE Energy Financial Services, Regency Energy Partners LP