-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q0jcxqUuh8UN5KvzcNiH3vpnOJbuDGAUwmHMM19DjMtog7tWdSBk4h8M5DRCQwAO JVomIkD6aLrpJDTmjbV1PA== 0000950123-10-093027.txt : 20101014 0000950123-10-093027.hdr.sgml : 20101014 20101013192123 ACCESSION NUMBER: 0000950123-10-093027 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101014 GROUP MEMBERS: CDM RESOURCE MANAGEMENT LLC GROUP MEMBERS: FRONTSTREET HUGOTON LLC GROUP MEMBERS: GULF STATES TRANSMISSION CORPORATION GROUP MEMBERS: PALAFOX JOINT VENTURE GROUP MEMBERS: PUEBLO HOLDINGS, INC. GROUP MEMBERS: PUEBLO MIDSTREAM GAS CORPORATION GROUP MEMBERS: REGENCY FIELD SERVICES LLC GROUP MEMBERS: REGENCY GAS MARKETING LLC GROUP MEMBERS: REGENCY GAS SERVICES LP GROUP MEMBERS: REGENCY GAS UTILITY LLC GROUP MEMBERS: REGENCY HAYNESVILLE INTRASTATE GAS LLC GROUP MEMBERS: REGENCY LIQUIDS PIPELINE LLC GROUP MEMBERS: REGENCY MIDCONTINENT EXPRESS LLC GROUP MEMBERS: REGENCY MIDCONTINENT EXPRESS PIPELINE I LLC GROUP MEMBERS: REGENCY OLP GP LLC GROUP MEMBERS: REGENCY ZEPHYR LLC GROUP MEMBERS: WGP-KHC, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Regency Energy Finance CORP CENTRAL INDEX KEY: 0001394929 IRS NUMBER: 383747282 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-169901-18 FILM NUMBER: 101122541 BUSINESS ADDRESS: STREET 1: 1700 PACIFIC STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214 750 1771 MAIL ADDRESS: STREET 1: 1700 PACIFIC STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Regency Energy Finance CORP CENTRAL INDEX KEY: 0001394929 IRS NUMBER: 383747282 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1700 PACIFIC STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214 750 1771 MAIL ADDRESS: STREET 1: 1700 PACIFIC STREET 2: SUITE 2900 CITY: DALLAS STATE: TX ZIP: 75201 FWP 1 d76835f2fwp.htm FWP fwp
Pricing term sheet dated October 13, 2010
to Preliminary Prospectus Supplement dated October 13, 2010
(the “Preliminary Prospectus Supplement”)
Filed Pursuant to Rule 433
Registration No. 333 — 169901
Regency Energy Partners LP
Regency Energy Finance Corp.
$600,000,000 Aggregate Principal Amount of
6 7/8% Senior Notes due 2018
     The following information supplements the Preliminary Prospectus Supplement for the offering of 2018 Notes dated October 13, 2010, filed pursuant to Rule 424(b) under the Securities Act, Registration Statement No. 333-169901.
     
Issuers:
  Regency Energy Partners LP and Regency Energy Finance Corp.
 
    
Guarantors:
  CDM Resource Management LLC, FrontStreet Hugoton LLC, Gulf States Transmission Corporation, Palafox Joint Venture, Pueblo Holdings, Inc., Pueblo Midstream Gas Corporation, Regency Field Services LLC, Regency Gas Marketing LLC, Regency Gas Services LP, Regency Gas Utility LLC, Regency Haynesville Intrastate Gas LLC, Regency Liquids Pipeline LLC, Regency Midcontinent Express LLC, Regency Midcontinent Express Pipeline I LLC, Regency OLP GP LLC, Regency Zephyr LLC and WGP-KHC, LLC
 
    
Title of Securities:
  6 7/8% Senior Notes due 2018 (the “2018 Notes”)
 
    
Distribution:
  SEC Registered
 
    
Principal Amount:
  $600,000,000 
 
    
Price to Public:
  100.000% 
 
    
Interest Rate:
  6.875% 
 
    
Interest Payment
Dates:
  June 1 and December 1, commencing June 1, 2011
 
    
Interest Record
Dates:
  May 15 and November 15
 
    
Date of Maturity:
  December 1, 2018
 
    
Yield to Maturity:
  6.875% 
 
    
Spread to Benchmark Treasury:
  + 485 bps
 
    

 

 

     
Benchmark Treasury:
  UST 3.750% due November 15, 2018
 
    
Benchmark Yield:
  2.023% 
 
    
Equity Clawback:
  Up to 35% at 106.875%, until December 1, 2013
 
    
Optional Redemption:
  All or part redeemable at Issuers’ option at any time prior to December 1, 2014 at 100% of principal amount plus the greater of A) 1% of principal amount, or B) the excess of i) PV @ redemption date of a) redemption price of note at December 1, 2014 plus ii) required interest payments (excluding accrued but unpaid interest to the redemption date) discounted at Treasury Rate + 50 bps, over ii) note principal amount, in each case plus accrued and unpaid interest to, but excluding, the date of redemption.
             
    On or after:   Price:
   
December 1, 2014
    103.438 %
   
December 1, 2015
    101.719 %
   
December 1, 2016 and thereafter
    100.000 %
     
Change of Control:
  Put @ 101% of principal plus accrued interest
 
    
CUSIP:
  75886A AE8
 
    
ISIN:
  US75886AAE82
 
    
Trade Date:
  October 13, 2010
 
    
Settlement Date:
  October 27, 2010 (T + 10)
 
    
Joint Book-Running
Managers:
  Banc of America Securities LLC
RBS Securities Inc.
 
  Citigroup Global Markets Inc.
 
  Credit Suisse Securities (USA) LLC
 
  Morgan Stanley & Co. Incorporated
 
  Wells Fargo Securities, LLC
 
    
Co-Managers:
  Deutsche Bank Securities Inc.
 
  SunTrust Robinson Humphrey, Inc.
 
This communication is intended for the sole use of the person to whom it is provided by the sender.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any jurisdiction in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such jurisdiction.
The information in this term sheet supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. This term sheet is qualified in its entirety by reference to the

 

 

Preliminary Prospectus Supplement. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus Supplement.
The Issuers have filed a registration statement including a prospectus and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the Issuers have filed with the SEC for more complete information about the Issuers and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuers, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the prospectus supplement if you request them by calling BofA Merrill Lynch at 800-294-1322 or email: dg.prospectus_requests@baml.com.
     ANY DISCLAIMER OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.

 

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