Energy Transfer Partners Announces Pricing of $2.5 Billion of Senior Notes
March 06 2015 - 2:00PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today 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. The offering is being made by means of a prospectus and
related prospectus supplement, copies of which may be obtained from
the following addresses:
Citigroup c/o Broadridge Financial Solutions 1155 Long
Island Avenue Edgewood, New York 11717 Telephone: (800) 831-9146
RBC Capital Markets, LLC Attn: DCM Transaction Management
200 Vesey Street, 8th Floor New York, New York 10281 Telephone
(866) 375-6829 UBS Securities LLC Attn: Prospectus Dept. 299
Park Avenue New York, New York 10171
Telephone: (888) 827-7275
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. 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 is 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 owning and operating one of the
largest and most diversified portfolios of energy assets in the
United States. ETP currently owns and operates approximately 35,000
miles of natural gas and natural gas liquids pipelines. ETP owns
100% of Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and a 70% interest in Lone Star NGL LLC, a
joint venture that owns and operates natural gas liquids storage,
fractionation and transportation assets. ETP also owns the general
partner, 100% of the incentive distribution rights, and
approximately 67.1 million common units in Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of crude oil and refined products pipelines, terminalling
and crude oil acquisition and marketing assets. ETP owns 100% of
Sunoco, Inc. and 100% of Susser Holdings Corporation. Additionally,
ETP owns the general partner, 100% of the incentive distribution
rights and approximately 43% of the limited partner interests in
Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE: SUN), a
wholesale fuel distributor and convenience store operator. ETP’s
general partner is owned by Energy Transfer Equity, L.P. (NYSE:
ETE). For more information, visit the Energy Transfer Partners,
L.P. web site at www.energytransfer.com.
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.
Investor Relations:Energy TransferBrent Ratliff,
214-981-0700orMedia Relations:Granado Communications
GroupVicki Granado, 214-599-8785214-498-9272 (cell)
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