CrossTex Energy Sells 5.7M Units to Kayne Anderson Funds

The Crosstex Energy companies, Crosstex Energy, L.P. XTEX (the Partnership) and Crosstex Energy, Inc. XTXI (the Corporation), today announced that the Partnership has agreed to sell approximately 5.7 million common units to funds managed by Kayne Anderson Capital Advisors, L.P., a current Crosstex Energy, L.P. unitholder. Net proceeds from the issuance, after deducting expenses associated with the issuance, will be approximately $75 million. After completion of the offering, the Partnership will have approximately 66.7 million common units outstanding. Closing is scheduled for Friday, September 14, 2012.