SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
BBTS Borrower LP

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 75258

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/04/2014
3. Issuer Name and Ticker or Trading Symbol
Southcross Energy Partners, L.P. [ SXE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units 2,116,400 I See footnotes(1)(2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Convertible Units (3) (3) Common Units 14,633,000 (3) I See footnotes(1)(2)(3)
Subordinated Units (4) (4) Common Units 12,213,713 (4) I See footnotes(1)(2)(4)
1. Name and Address of Reporting Person*
BBTS Borrower LP

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 75258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BBTS Borrower GP LLC

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 75258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BBTS Guarantor GP LLC

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 75258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BBTS Guarantor LP

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 75258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BlackBrush TexStar LP

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 78258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BlackBrush TexStar GP LLC

(Last) (First) (Middle)
18615 TUSCANY STONE, SUITE 300

(Street)
SAN ANTONIO TX 78258

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This statement is being filed by each of BBTS Borrower LP ("Borrower"), BBTS Borrower GP LLC ("Borrower GP"), BBTS Guarantor LP ("Guarantor"), BBTS Guarantor GP LLC ("Guarantor GP"), BlackBrush TexStar LP ("BBTS"), and BlackBrush TexStar GP LLC ("BBTS GP"). We refer to Borrower, Borrower GP, Guarantor, Guarantor GP, BBTS and BBTS GP, collectively, as the "Reporting Persons." BBTS GP is the general partner of BBTS, which is the sole member of Guarantor GP, which is the general partner of Guarantor, which is the sole member of Borrower GP, which is the general partner of Borrower, which owns 70.4% of the limited partner interest in Southcross Holdings LP ("Holdings"). Borrower also owns 70.4% of Southcross Holdings GP LLC ("Holdings GP"), which is the general partner of Holdings. Holdings is the sole member of Southcross Holdings Guarantor GP LLC, which is the general partner of Southcross Holdings Guarantor LP, which is the sole member of Southcross Holdings Borrower GP LLC, which is
2. (Continuation of Footnote 1) - Each Reporting Person disclaims beneficial ownership of the securities reported herein (except to the extent of such Reporting Person's indirect pecuniary interest in such securities), and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
3. The Class B Convertible Units will be converted into Common Units on a one-for-one basis on the Class B Conversion Date (as defined in the Issuer's Third Amended and Restated Agreement of Limited Partnership dated August 4, 2014 (the "SXE Partnership Agreement")). The Class B Convertible Units have no expiration date.
4. The Subordinated Units will be converted into Common Units on a one-for-one basis on the expiration of the Subordination Period (as defined in the SXE Partnership Agreement). The Subordinated Units have no expiration date.
Remarks:
BBTS BORROWER LP - By: /s/ Brian Blakeman, Attorney-in-fact for BBTS Borrower LP 08/14/2014
BBTS BORROWER GP LLC - By: /s/ Brian Blakeman, Attorney-in-fact for BBTS Borrower GP LLC 08/14/2014
BBTS GUARANTOR LP - By: /s/ Brian Blakeman, Attorney-in-fact for BBTS Guarantor LP 08/14/2014
BBTS GUARANTOR GP LLC - By: /s/ Brian Blakeman, Attorney-in-fact for BBTS Guarantor GP LLC 08/14/2014
BLACKBRUSH TEXSTAR LP - By: /s/ Brian Blakeman, Attorney-in-fact for BlackBrush TexStar LP 08/14/2014
BLACKBRUSH TEXSTAR GP LLC - By: /s/ Brian Blakeman, Attorney-in-fact for BlackBrush TexStar GP LLC 08/14/2014
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.