Energy Transfer LP Announces Pricing of $2.5 Billion of Senior Notes
December 05 2022 - 5:30PM
Business Wire
Energy Transfer LP (NYSE: ET) today announced the pricing of its
$1.0 billion aggregate principal amount of 5.550% senior notes due
2028 and $1.5 billion aggregate principal amount of 5.750% senior
notes due 2033 at a price to the public of 99.974% and 99.891%,
respectively, of their face value.
The sale of the senior notes is expected to settle on December
14, 2022, subject to the satisfaction of customary closing
conditions. Energy Transfer intends to use the net proceeds of
approximately $2.482 billion (before offering expenses) from this
offering to repay outstanding indebtedness, and for general
partnership purposes.
Barclays Capital Inc., BofA Securities, Inc., Deutsche Bank
Securities Inc. and Wells Fargo Securities, 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
Energy Transfer 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:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: 1-888-603-5847
Email:
barclaysprospectus@broadridge.com
Deutsche Bank Securities Inc.
1 Columbus Circle
New York, New York 10019
Attention: Prospectus Group
Phone: 1-800-503-4611
E-mail: prospectus.cpdg@db.com
BofA Securities, Inc.
200 North College Street
NC1-004-03-43
Charlotte, North Carolina 28255-001
Attn: Prospectus Department
Phone: 1-800-294-1322
Email: dg.prospectus_requests@bofa.com
Wells Fargo Securities, LLC
608 2nd Avenue South
Suite 1000
Minneapolis, Minnesota 55402
Attn: WFS Customer Service
Phone: 1-800-645-3751
Email:
wfscustomerservice@wellsfargo.com
You may also obtain these documents for free when they are
available by visiting EDGAR on the SEC website 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 LP owns and operates one of the largest
and most diversified portfolios of energy assets in the United
States, with a strategic footprint in all of the major U.S.
production basins. Energy Transfer is a publicly traded limited
partnership with core operations that include complementary natural
gas midstream, intrastate and interstate transportation and storage
assets; crude oil, natural gas liquids (“NGL”) and refined product
transportation and terminalling assets; and NGL fractionation.
Energy Transfer also owns Lake Charles LNG Company, as well as the
general partner interests, the incentive distribution rights and
28.5 million common units of Sunoco LP (NYSE: SUN), and the general
partner interests and 46.1 million common units of USA Compression
Partners, LP (NYSE: USAC).
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 Energy Transfer, and a variety of
risks that could cause results to differ materially from those
expected by management of Energy Transfer. Important information
about issues that could cause actual results to differ materially
from those expected by management of Energy Transfer can be found
in Energy Transfer’s public periodic filings with the SEC,
including its Annual Report on Form 10-K. Energy Transfer
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/20221205005821/en/
Energy Transfer LP Investor Relations: Bill Baerg,
Brent Ratliff, Lyndsay Hannah, 214-981-0795 or Media
Relations: Vicki Granado, 214-840-5820
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