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ETP Prices $2.476 Billion in Senior Notes


Energy Transfer Partners, L.P. announced the pricing of $1.0 billion aggregate principal amount of its 4.050% senior notes due 2025, $500 million aggregate principal amount of its 4.900% senior notes due 2035 and $1.0 billion aggregate principal amount of its 5.150% senior notes due 2045, at a price to the public of 99.918%, 99.810% and 99.772%, respectively, of their face value.

The sale of the senior notes is expected to settle on March 12, 2015, subject to customary closing conditions. ETP intends to use the net proceeds of approximately $2.476 billion from this offering to repay borrowings outstanding under ETP’s revolving credit facility, to fund growth capital expenditures and for general partnership purposes.

Citigroup Global Markets Inc., RBC Capital Markets, LLC and UBS Securities LLC are acting as joint book-running managers for the offering.

Announced Date
March 06,2015
Value  ( $MM )
2,476
Type
Debt
Use of Fund
General Purpose,Debt Reduction
Company
Energy Transfer Partners Lp
Underwriter
/Book Runner
Citigroup Global Markets Inc.,RBC Capital Markets,UBS Securities LLC
Regions
United States
Country
United States

Contacts
Energy Transfer Partners Lp
David Skidmore
Director
Dallas ,Texas ,75219

Kelcy Warren
CEO & Chairman of the Board of Directors
Dallas ,Texas ,75219

Marshall McCrea
Director
Dallas ,Texas ,75219

Matthew Ramsey
Director
Dallas ,Texas ,75219

Michael Grimm
Director
Dallas ,Texas ,75219

Ted Collins
Director
Dallas ,Texas ,75219