Energy Transfer Partners Announces Pricing of Common Unit Offering
August 14 2017 - 9:33PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced it has priced its previously announced underwritten
public offering of 54,000,000 common units representing limited
partner interests at $18.65 per common unit. Net proceeds from the
offering will be used by ETP to repay amounts outstanding under its
revolving credit facilities, to fund capital expenditures and for
general partnership purposes. The offering is scheduled to close on
August 18, 2017. ETP also granted the underwriter a 30-day option
to purchase up to an aggregate of 8,100,000 additional common
units.
Barclays Capital Inc. is acting as sole book-running manager for
the offering.
A copy of the prospectus supplement and accompanying prospectus
relating to the offering may be obtained by contacting Barclays
at:
Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long
Island AvenueEdgewood, NY 11717Telephone: (888) 603-5847Email:
barclaysprospectus@broadridge.com
You may also obtain these documents for free when they are
available by visiting EDGAR on the Securities and Exchange
Commission, or SEC, web site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus and related prospectus supplement
meeting the requirements of Section 10 of the Securities Act
of 1933, as amended. The offering will be made pursuant to an
effective shelf registration statement and prospectus filed by ETP
with the SEC.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production
basins, ETP owns and operates a geographically diverse portfolio of
complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids
(NGL) and refined product transportation and terminalling assets;
NGL fractionation; and various acquisition and marketing assets.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at www.energytransfer.com.
Statements about the offering may be forward-looking statements
as defined under federal law. Forward-looking statements can be
identified by words such as “anticipates,” “believes,” “expects,”
“estimates,” “forecasts,” “projects,” “should” and other similar
expressions. These forward-looking statements rely on a number of
assumptions concerning future events and are subject to a number of
uncertainties and factors, many of which are outside the control of
ETP, and a variety of risks that could cause results to differ
materially from those expected by management of ETP. Important
information about issues that could cause actual results to differ
materially from those expected by management of ETP can be found in
ETP’s public periodic filings with the SEC, including its Annual
Report on Form 10-K. ETP undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results over time.
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version on businesswire.com: http://www.businesswire.com/news/home/20170814006072/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay
Hannah, 214-981-0795orBrent Ratliff, 214-981-0795orHelen Ryoo,
214-981-0795orMedia Relations:Vicki Granado,
214-840-5820orLisa Dillinger, 214-840-5820
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