DALLAS--(BUSINESS WIRE)--Apr. 28, 2015--
Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) and Regency Energy
Partners LP (NYSE: RGP) (“Regency”) today announced that at a special
meeting of Regency unitholders held earlier today, the unitholders voted
to adopt the Agreement and Plan of Merger dated as of January 25, 2015,
as amended (the “Merger Agreement”), by and among Regency, ETP, their
respective general partners, certain wholly owned subsidiaries of ETP,
ETE GP Acquirer LLC and, solely for certain provisions therein, Energy
Transfer Equity, L.P. (NYSE: ETE) (“ETE”), pursuant to which Regency
will become a wholly owned subsidiary of ETP.
Based on the results, 99.6% of the units voted at the special meeting
voted in favor of adoption of the Merger Agreement. The votes in favor
of the Merger Agreement constituted more than a majority of Regency’s
units outstanding as of the record date, as required for adoption of the
Merger Agreement.
The merger is expected to close on April 30, 2015.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most diversified
portfolios of energy assets in the United States. ETP currently owns and
operates approximately 35,000 miles of natural gas and natural gas
liquids pipelines. ETP owns 100% of Panhandle Eastern Pipe Line Company,
LP (the successor of Southern Union Company) and a 70% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation and transportation assets. ETP also owns the
general partner, 100% of the incentive distribution rights, and
approximately 67.1 million common units in Sunoco Logistics Partners
L.P. (NYSE: SXL), which operates a geographically diverse portfolio of
crude oil and refined products pipelines, terminalling and crude oil
acquisition and marketing assets. ETP owns 100% of Sunoco, Inc. and 100%
of Susser Holdings Corporation. Additionally, ETP owns the general
partner, 100% of the incentive distribution rights and approximately 43%
of the limited partner interests in Sunoco LP (formerly Susser Petroleum
Partners LP) (NYSE: SUN), a wholesale fuel distributor and convenience
store operator. ETP’s general partner is owned by ETE. For more
information, visit ETP’s website at www.energytransfer.com.
Regency Energy Partners LP (NYSE: RGP) is a growth-oriented, master
limited partnership engaged in the gathering and processing,
compression, treating and transportation of natural gas; the
transportation, fractionation and storage of natural gas liquids; the
gathering, transportation and terminaling of oil (crude and/or
condensate) received from producers; and the management of coal and
natural resource properties in the United States. Regency’s general
partner is owned by ETE. For more information, please visit Regency’s
website at www.regencyenergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking” statements.
Forward-looking statements are identified as any statement that does not
relate strictly to historical or current facts. Regency cannot give any
assurance that expectations about future events will prove to be
correct. Forward-looking statements are subject to a variety of risks,
uncertainties and assumptions. These risks and uncertainties include the
risks that the proposed transaction may not be consummated. These and
other risks and uncertainties are discussed in more detail in filings
made by ETP and Regency with the Securities and Exchange Commission (the
“SEC”), which are available to the public. Regency undertakes no
obligation to update publicly or to revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
Additional Information and Where to Find It
SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND
THE REGISTRATION STATEMENT REGARDING THE TRANSACTION CAREFULLY. These
documents, and any other documents filed by ETP or Regency with the SEC,
may be obtained free of charge at the SEC’s website, at www.sec.gov.
In addition, investors and security holders will be able to obtain free
copies of the registration statement and the proxy statement/prospectus
by phone, e-mail or written request by contacting the investor relations
department of ETP or Regency at the following:
Energy Transfer Partners, L.P.
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Regency Energy Partners LP
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3738 Oak Lawn Ave.
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2001 Bryan Street, Suite 3700
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Dallas, TX 75219
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Dallas, TX 75201
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Attention: Investor Relations
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Attention: Investor Relations
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Phone: 214-981-0700
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Phone: 214-840-5477
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Participants in the Solicitation
ETP, Regency and their respective directors and executive officers may
be deemed to be participants in the solicitation of proxies in
connection with the proposed merger. Information regarding the directors
and executive officers of ETP is contained in ETP’s Form 10-K for the
year ended December 31, 2014, which was filed with the SEC on March 2,
2015. Information regarding the directors and executive officers of
Regency is contained in Regency’s Form 10-K for the year ended December
31, 2014, which was filed with the SEC on February 27, 2015. Additional
information regarding the interests of participants in the solicitation
of proxies in connection with the proposed merger are included in the
proxy statement/prospectus.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150428006850/en/
Source: Regency Energy Partners LP and Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
Vice President, Investor Relations
or
Regency
Energy Partners LP
Lyndsay Hannah, 214-840-5477
Director,
Finance & Investor Relations
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
Cell:
214-498-9272