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Energy Transfer Partners LP Completes Public Offering of $1.5 Billion Senior Notes-Form 8-K

Thursday, 19 Sep 2013 01:14pm EDT 

Energy Transfer Partners LP reported in its Form 8-K that on September 19, 2013, the Partnership completed its public offering (the Offering) of $700,000,000 in aggregate principal amount of 4.15% Senior Notes due 2020, $350,000,000 in aggregate principal amount of 4.90% Senior Notes due 2024 and $450,000,000 in aggregate principal amount of 5.95% Senior Notes due 2043 (collectively, the Notes). The Notes were issued under the indenture dated as of January 18, 2005 (the Indenture), among the Partnership, as issuer, the subsidiary guarantors named therein, and Wachovia Bank, National Association, as trustee, as supplemented by the Thirteenth Supplemental Indenture thereto (the Supplemental Indenture), dated as of September 19, 2013, between the Partnership and U.S. Bank National Association, as successor trustee. The Partnership expects to receive net proceeds of approximately $1.47 billion from the Offering, after deducting the underwriters’ discount and estimated offering expenses, and intends to use the net proceeds to repay $455 million of borrowings outstanding under the term loan of Panhandle’s wholly owned subsidiary, Trunkline LNG Holdings, LLC, to repay borrowings outstanding under the Partnership’s revolving credit facility and for general partnership purposes. 

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