Current Report Filing (8-k)
July 19 2018 - 5:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
July 19, 2018 (July 16, 2018)
Date of Report (Date of earliest event reported)
ENERGY
TRANSFER PARTNERS, L.P.
(Exact name of Registrant as specified in its charter)
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Delaware
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1-31219
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73-1493906
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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8111 Westchester Drive, Suite 600,
Dallas, Texas 75225
(Address of principal executive offices) (Zip Code)
(214)
981-0700
(Registrants telephone number, including area code)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of
the Securities Exchange Act of 1934
(§240.12b-2
of this
chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
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Entry into a Material Definitive Agreement.
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On July 16, 2018, Energy Transfer
Partners, L.P. (the Partnership) entered into an Underwriting Agreement (the Underwriting Agreement) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co.
LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC (the Underwriters), with respect to the issuance and sale in an underwritten public offering (the Offering) by the Partnership of 16,000,000 of its 7.625% Series D
Fixed-to-Floating
Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the Series D Preferred
Units) at a price to the public of $25.00 per unit.
The Offering was registered under the Securities Act of 1933, as amended (the
Securities Act), pursuant to a Registration Statement on Form
S-3
(File
No. 333-221411)
of the Partnership, which became effective on November 8,
2017, as amended by Post-Effective Amendment No. 1 thereto and as supplemented by the Prospectus Supplement dated July 16, 2018 relating to the Series D Preferred Units, filed with the Securities and Exchange Commission
(Commission) pursuant to Rule 424(b) of the Securities Act on July 18, 2018. The Offering is expected to close on July 23, 2018.
The Underwriting Agreement contains customary representations, warranties and agreements by the Partnership, and customary conditions to
closing, indemnification obligations of the Partnership and the Underwriters, including for liabilities under the Securities Act, other obligations of the parties and termination provisions.
The Underwriters may, from time to time, engage in transactions with and perform services for the Partnership and its affiliates in the
ordinary course of business. Affiliates of each of the Underwriters are lenders under the Partnerships revolving credit facility and, accordingly, may receive a portion of the net proceeds from this Offering.
The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the full text of the
Underwriting Agreement, which is attached as Exhibit 1.1 to this Current Report on Form
8-K
and incorporated into this Item 1.01 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit
Number
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Description of the
Exhibit
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1.1
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Underwriting Agreement, dated as of July 16, 2018, between Energy Transfer Partners, L.P., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley
& Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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ENERGY TRANSFER PARTNERS, L.P.
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By:
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Energy Transfer Partners GP, L.P.
its General
Partner
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By:
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Energy Transfer Partners, L.L.C.
its General
Partner
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Date: July 19, 2018
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By:
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/s/ James M. Wright
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James M. Wright
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General Counsel
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