RADNOR, Pa., Feb. 10, 2014 /PRNewswire/ -- PVR Partners,
L.P. ("PVR") (NYSE: PVR) today announced that it has
established a record date of February 18,
2014 and a meeting date of March 20,
2014 for the special meeting of its unitholders. At the
special meeting, which will be held in Radnor, Pennsylvania, unitholders will vote on
the previously announced proposed merger of PVR into Regency Energy
Partners LP ("Regency") (NYSE: RGP), and related matters pursuant
to the Agreement and Plan of Merger dated as of October 9, 2013, as amended (the "Merger
Agreement") by and among PVR, Regency, their respective general
partners and RVP LLC, a wholly owned subsidiary of Regency.
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PVR unitholders of record at the close of business on
February 18, 2014 will be entitled to
receive notice of the special meeting and to vote at the special
meeting. The parties currently expect to complete the merger in the
first quarter of 2014, subject to satisfaction of the closing
conditions, including receipt of PVR unitholder approval for the
proposal to adopt the Merger Agreement.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION ("SEC"). INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND THE
REGISTRATION STATEMENT REGARDING THE TRANSACTION CAREFULLY WHEN
THEY ARE AVAILABLE. These documents (when they become
available), and any other documents filed by PVR or Regency with
the SEC, may be obtained free of charge at the SEC's website, at
www.sec.gov. In addition, security holders will be able to obtain
free copies of the proxy statement/prospectus (when available) from
PVR by contacting Investor Relations by mail at Attention: Investor
Relations, Three Radnor Corporate Center, Suite 301, 100 Matsonford
Road, Radnor, Pennsylvania
19087.
PARTICIPANTS IN THE SOLICITATION
PVR and Regency, and their respective directors and executive
officers, may be deemed to be participants in the solicitation of
proxies in respect of the transactions contemplated by the
Agreement and Plan of Merger. Information regarding the
directors and executive officers of Regency GP LLC, the general
partner of Regency's general partner, is contained in Regency's
Form 10-K for the year ended December 31,
2012, which has been filed with the SEC. Information
regarding PVR's directors and executive officers is contained in
PVR's Form 10-K for the year ended December
31, 2012 and its proxy statement filed on April 25, 2013, which are filed with the
SEC. A more complete description will be available in the
Registration Statement and the Proxy Statement/Prospectus.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the proposed transaction
between the PVR, and Regency the expected timetable for completing
the proposed transaction, future financial and operating results,
benefits and synergies of the proposed transaction, future
opportunities for the combined company and any other statements
about PVR's or Regency's management's future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements that are not statements of historical
fact (including statements containing the words "believes,"
"plans," "anticipates," "expects," "estimates" and similar
expressions) should also be considered to be forward-looking
statements.
PVR and Regency cannot give any assurance that expectations and
projections 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 or the benefits contemplated therefrom may not be
realized. Additional risks include: the ability to obtain
requisite regulatory and unitholder approval and the satisfaction
of the other conditions to the consummation of the proposed
transaction, the ability of Regency to successfully integrate PVR's
operations and employees and realize anticipated synergies and cost
savings, the potential impact of the announcement or consummation
of the proposed transaction on relationships, including with
employees, suppliers, customers, competitors and credit rating
agencies, the ability to achieve revenue, DCF and EBITDA growth,
volatility in the price of oil, natural gas, and natural gas
liquids, declines in the credit markets and the availability of
credit for the combined company as well as for producers connected
to the combined company's system and its customers, the level of
creditworthiness of, and performance by counterparties and
customers, the ability to access capital to fund organic growth
projects and acquisitions, including significant acquisitions, and
the ability to obtain debt and equity financing on satisfactory
terms, the use of derivative financial instruments to hedge
commodity and interest rate risks, the amount of collateral
required to be posted from time-to-time, changes in commodity
prices, interest rates, and demand for the combined company's
services, changes in laws and regulations impacting the midstream
sector of the natural gas industry, weather and other natural
phenomena, acts of terrorism and war, industry changes including
the impact of consolidations and changes in competition, the
ability to obtain required approvals for construction or
modernization of facilities and the timing of production from such
facilities, and the effect of accounting pronouncements issued
periodically by accounting standard setting boards.
Therefore, actual results and outcomes may differ materially from
those expressed in such forward-looking statements.
These and other risks and uncertainties are discussed in more
detail in filings made by PVR and Regency with the SEC, which are
available to the public. PVR and Regency undertake no obligation to
update publicly or to revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
PVR Partners, L.P. (NYSE: PVR) is a publicly traded limited
partnership which owns and operates a network of natural gas
midstream pipelines and processing plants, and owns and manages
coal and natural resource properties. Our midstream assets,
located principally in Texas,
Oklahoma and Pennsylvania, provide gathering,
transportation, compression, processing, dehydration and related
services to natural gas producers. Our coal and natural
resource properties, located in the Appalachian, Illinois and San
Juan basins, are leased to experienced operators in exchange
for royalty payments. More information about PVR is available
on our website at www.pvrpartners.com.
Contact:
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Stephen R.
Milbourne
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Director - Investor
Relations
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Phone:
610-975-8204
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E-Mail:
invest@pvrpartners.com
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SOURCE PVR Partners, L.P.