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Energy Transfer Partners LP (ETP)

ETP on New York Consolidated

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25 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Sunoco Logistics Partners announces pricing of $550 mln of senior notes
Thursday, 7 Jul 2016 07:35pm EDT 

Sunoco Logistics Partners LP : Announces pricing of $550 million of senior notes . Pricing of $550 million aggregate principal amount of 3.90% senior notes due 2026 .Intends to use net proceeds of about $544 million to repay outstanding borrowings under $2.50 billion revolving credit facility.  Full Article

Moody's Changes Energy Transfer Partners' Outlook To Negative
Wednesday, 29 Jun 2016 03:22pm EDT 

: Moody's Changes Energy Transfer Partners' Outlook To Negative . Moody's - Negative outlooks at ETP and ETE reflect the more challenging energy market which confronts their midstream energy operations .Moody's - Negative outlooks reflect potential litigation fallout emanating from ETE's recently terminated bid to acquire the Williams Companies, Inc.  Full Article

Energy Transfer Equity announces termination of merger agreement with Williams Companies
Wednesday, 29 Jun 2016 01:03am EDT 

Energy Transfer Equity Lp : ETE's counsel Latham & Watkins unable to deliver required tax opinion prior to June 28, 2016, outside date in merger agreement . ETE provided written notice terminating merger agreement due to failure of conditions under merger agreement . Says Williams has appealed decision by Delaware court of chancery to Delaware supreme court .Energy Transfer Equity announces termination of merger agreement with the Williams Companies.  Full Article

Williams to file amended disclosure to proxy statement
Friday, 17 Jun 2016 09:15am EDT 

Williams Companies Inc : Williams to file amended disclosure to proxy statement . Agreed to file an amended disclosure to its proxy statement in connection with merger agreement with Energy Transfer Equity, L.P . Parties now estimate merger-related synergies of only $126 million annually by 2020 .Even if market conditions return to their July 2015 levels, merger-related synergies would be $543 million, not $2 billion.  Full Article

Energy transfer equity and Williams receive FTC clearance for proposed acquisition
Thursday, 9 Jun 2016 02:00pm EDT 

Energy Transfer Equity Lp : ETE And Williams Receive FTC Clearance For Proposed Acquisition .FTC's Clearance Is Subject To Certain Conditions Which ETE And WMB Have Agreed To Undertake.  Full Article

Energy Transfer Partners declares quarterly distribution
Wednesday, 27 Jan 2016 04:15pm EST 

Energy Transfer Partners LP:Tp pay a quarterly distribution of $1.055 per ETP common unit ($4.22 per unit annualized) for the quarter ended December 31, 2015.  Full Article

Energy Transfer Partners LP and Sunoco LP announces about $2.226 Billion dropdown of remaining wholesale fuel and retail marketing assets
Monday, 16 Nov 2015 06:45am EST 

Energy Transfer Partners LP and Sunoco LP:Announce approximately $2.226 billion dropdown of remaining wholesale fuel and retail marketing assets.Says transaction is immediately accretive to distributable cash flow and distributions for sun.Including working capital, etp expects to receive approximately $2.2 billion in cash proceeds to fund part of its 2016 capital program.Says Sunoco does not anticipate any equity issuance in 2016.Says transaction is also expected to be credit neutral to Sunoco.Says for etp, this transaction is expected to be breakeven to distributable cash flow for 2016 and beyond.Sunoco -group of private investors, ete have fully committed to purchase $750 million of sun common units in private placement, at gross price of $31/unit.Pro forma for dropdown transaction,related equity private placement,etp will remain largest unitholder of sun with approximate 46% lp interest.Dropdown to Sunoco of remaining 68.42% interest in Sunoco llc and 100% interest in legacy Sunoco retail business.Says Sunoco to also issue to Energy Transfer Partners about 5.7 million Sunoco common units valued at about $194 million.  Full Article

Sunoco LP completes acquisition of Susser Holdings Corporation from ETP Holdco Corporation and Heritage Holdings, Inc., wholly owned subsidiaries of Energy Transfer Partners, L.P
Friday, 31 Jul 2015 02:05pm EDT 

Sunoco LP:Completed acquisition of Susser Holdings Corporation from ETP Holdco Corporation and Heritage Holdings, Inc., wholly owned subsidiaries of Energy Transfer Partners, L.P.Transaction is valued at about $1.93 billion.SUN paid $966.9 million in cash and issued ETP's subsidiaries about 21.98 million SUN units, valued at about $966.9 million.In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new SUN units to a subsidiary of Energy Transfer Partners, L.P.  Full Article

Energy Transfer Partners announces quarterly cash distribution increase
Thursday, 23 Jul 2015 04:10pm EDT 

Energy Transfer Partners:Announced a $0.02 increase in its quarterly distribution to $1.035 per ETP common unit ($4.14 annualized) for the quarter ended June 30, 2015.The quarterly distribution of $1.035 represents a distribution increase of $0.32 per common unit on an annualized basis, or 8.4%, compared to the second quarter of 2014 and represents an annualized distribution increase of $0.08 per common unit compared to the first quarter of 2015.This marks the eighth consecutive quarter that ETP has raised its distribution.The cash distribution will be paid on August 14, 2015 to unitholders of record as of the close of business on August 6, 2015.  Full Article

Energy Transfer Partners LP announces pricing of $3.0 billion of senior notes
Thursday, 18 Jun 2015 10:40pm EDT 

Energy Transfer Partners LP:Says pricing of $650 million aggregate principal amount of its 2.500 pct. senior notes due 2018.$350 million aggregate principal amount of its 4.150 pct. senior notes due 2020.$1.0 billion aggregate principal amount of its 4.750 pct. senior notes due 2026.And $1.0 billion aggregate principal amount of its 6.125 pct. senior notes due 2045, at a price to public of 99.946 pct., 103.113 pct. (plus accrued interest from April 1, 2015), 99.275 pct. and 99.619 pct., respectively, of their face value.Intends to use net proceeds of about $2.98 billion from this offering to repay borrowings outstanding under ETP's revolving credit facility, to fund growth capital expenditures and for general partnership purposes.Says Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and Mitsubishi UFJ Securities (USA), Inc. are acting as joint book-runners for offering.  Full Article