Energy Transfer Partners, L.P. Announces Pricing of $3.0 Billion of Senior Notes
June 05 2018 - 9:10PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the
pricing of its $500 million aggregate principal amount of 4.20%
senior notes due 2023, $1.0 billion aggregate principal amount of
4.95% senior notes due 2028, $500 million aggregate principal
amount of 5.80% senior notes due 2038 and $1.0 billion aggregate
principal amount of 6.00% senior notes due 2048 at a price to the
public of 99.926%, 99.819%, 99.647% and 98.900%, respectively, of
their face value.
The sale of the senior notes is expected to settle on June 8,
2018, subject to the satisfaction of customary closing conditions.
ETP intends to use the net proceeds of approximately $2,963,055,000
from this offering to repay in full its 2.50% senior notes due June
15, 2018 and 6.70% senior notes due July 1, 2018 and its
subsidiary’s 7.00% senior notes due June 15, 2018, to repay
borrowings outstanding under its revolving credit facility and for
general partnership purposes.
Mizuho Securities USA LLC, MUFG Securities Americas Inc., SMBC
Nikko Securities America, Inc. and TD Securities (USA) LLC are
acting as joint book-running managers for the offering.
The offering of the senior notes is being made pursuant to an
effective shelf registration statement and prospectus filed by ETP
with the Securities and Exchange Commission (“SEC”). The offering
of the senior notes 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, copies of which may
be obtained from the following addresses:
Mizuho Securities USA LLC320 Park Avenue, 12th FloorNew York,
New York 10022Attn: Debt Capital MarketsPhone: (866) 271-7403
MUFG Securities Americas Inc.1221 Avenue of Americas. 6th
FloorNew York, NY 10020Attention: Capital Markets GroupPhone: (877)
649-6848
SMBC Nikko Securities America, Inc.277 Park AvenueNew York, NY
10172Attn: Debt Capital MarketsPhone: 1-888-868-6856
TD Securities (USA) LLC31 West 52nd St., 2nd FloorNew York, NY
10019Attn: Transaction Management GroupPhone: (855) 495-9846
You may also obtain these documents for free when they are
available by visiting EDGAR on the 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.
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).
Statements about the offering may be forward-looking statements.
Forward-looking statements can be identified by words such as
“anticipates,” “believes,” “intends,” “projects,” “plans,”
“expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,”
“will” 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: https://www.businesswire.com/news/home/20180605006865/en/
Energy Transfer Partners, L.P.Investor Relations:Brent
Ratliff, 214-981-0795orLyndsay Hannah, 214-981-0795orHelen Ryoo,
214-981-0795orMedia Relations:Vicki Granado,
214-840-5820orLisa Dillinger, 214-840-5820
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