Southcross Energy Partners, L.P. Launches Initial Public Offering

  Southcross Energy Partners, L.P. Launches Initial Public Offering

Business Wire

DALLAS -- October 22, 2012

Southcross Energy Partners, L.P., a Delaware limited partnership (the
“Partnership”), announced today that it has commenced an initial public
offering of 9,000,000 common units representing limited partner interests in
the Partnership pursuant to a registration statement on Form S-1 previously
filed with the U.S. Securities and Exchange Commission (“SEC”). The
underwriters will be granted a 30-day option to purchase up to an additional
1,350,000 common units. The common units have been approved for listing on the
New York Stock Exchange, subject to official notice of issuance, and will
trade under the symbol “SXE.”

The common units being offered to the public represent an approximate 36%
limited partner interest in the Partnership, or an approximate 42% limited
partner interest if the underwriters exercise, in full, their option to
purchase additional common units. Southcross Energy LLC will hold, directly or
indirectly, a 2% general partner interest and an approximate 62% limited
partner interest in the Partnership, or an approximate 56% limited partner
interest if the underwriters exercise, in full, their option to purchase
additional common units. Citigroup, Wells Fargo Securities, Barclays and J.P.
Morgan are acting as joint book-running managers for the offering. RBC Capital
Markets, Raymond James, Baird, Stifel Nicolaus Weisel and SunTrust Robinson
Humphrey are acting as co-managers for the offering.

This offering of common units will be made only by means of a prospectus. When
available, a written prospectus, which meets the requirements of Section 10 of
the Securities Act of 1933, may be obtained from the offices of:

Citigroup                            Wells Fargo Securities
c/o Broadridge Financial Solutions     Attention: Equity Syndicate Dept
1155 Long Island Avenue                375 Park Avenue
Edgewood, NY 11717                     New York, NY 10152
1-800-831-9146                         1-800-326-5897
batprospectusdept@citi.com             cmclientsupport@wellsfargo.com

Barclays                               J.P. Morgan
c/o Broadridge Financial Solutions     c/o Broadridge Financial Solutions
1155 Long Island Avenue                1155 Long Island Avenue
Edgewood, NY 11717                     Edgewood, NY 11717
1-800-603-5847                         1-866-803-9204
barclaysprospectus@broadridge.com
                                       

A registration statement relating to these securities has been filed with the
SEC but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. The registration statement is available on the SEC’s website at
www.sec.gov under the registrant’s name, “Southcross Energy Partners, L.P.”
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities described above, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership that provides
natural gas gathering, processing, treating, compression and transportation
services and NGL fractionation and transportation services for its producer
customers. The Partnership also sources, purchases, transports and sells
natural gas and NGLs to its power generation, industrial and utility
customers. The Partnership’s assets are located in South Texas, Mississippi
and Alabama and include three gas processing plants, two fractionation plants
and 2,590 miles of pipelines. The Partnership’s South Texas assets are located
in or near the Eagle Ford shale region. The Partnership is headquartered in
Dallas, Texas.

Contact:

Southcross Energy Partners, L.P.
Kristin Hodges, Investor Relations, 214-979-3720
investorrelations@southcrossenergy.com
 
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