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Energy Transfer Partners LP Announces Pricing of $1.5 Billion of Senior Notes


Thursday, 12 Sep 2013 06:47pm EDT 

Energy Transfer Partners LP announced the pricing of $700 million aggregate principal amount of its 4.15% senior notes due 2020, $350 million aggregate principal amount of its 4.90% senior notes due 2024 and $450 million aggregate principal amount of its 5.95% senior notes due 2043, at a price to the public of 99.829%, 99.181% and 97.647%, respectively, of their face value. The sale of the senior notes is expected to settle on September 19, 2013, subject to customary closing conditions. ETP intends to use the net proceeds of approximately $1.49 billion from this offering 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 ETP`s revolving credit facility and for general partnership purposes. Credit Suisse Securities (USA) LLC, J. P. Morgan Securities LLC, Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. 

Company Quote

12.735
-0.29 -2.23%
22 Sep 2014