The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of the substantially all of its assets of Southcross Energy Partners, L.P, on June 13, 2019. The Court has authorized debtor for the sale of its substantially all assets to the highest bidder at the auction. To qualify as a qualified bidder, interested parties should submit their bids by July 24, 2019. In accordance with the Bid Procedures the Debtors may enter into a definitive agreement with any Potential Bidder to designate such Potential Bidder as a Stalking Horse Bidder, subject to higher or otherwise better offers at the Auction. The initial overbid must be at least equal to the consideration set forth in the Stalking Horse Bid plus the aggregate amount of any Bid Protections set forth in the Stalking Horse Order; plus $1 million the minimum overbid. The debtor has scheduled an auction on September 3, 2019. The stalking horse bidder would be entitled to a break-up fee equal to 3% of the purchase price set forth in the Stalking Horse Bid and expense reimbursement of $1 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for September 18, 2019.