Print Page | Close Window
SEC Filings
ENERGY TRANSFER, LP filed this Form 424B5 on 01/13/2017
Entire Document
 << Previous Page | Next Page >>

Table of Contents
    $1 billion in principal amount of 6.125% Senior Notes due 2045.

In addition, following the completion of our merger with Regency Energy Partners LP, or Regency, we assumed the following series of senior notes from Regency, which we refer to collectively as the Legacy Regency notes:


    $400 million in principal amount of 5.750% Senior Notes due 2020;


    $500 million in principal amount of 6.5% Senior Notes due 2021;


    $700 million in principal amount of 5.00% Senior Notes due 2022;


    $900 million in principal amount of 5.875% Senior Notes due 2022;


    $600 million in principal amount of 4.500% Senior Notes due 2023; and


    $700 million in principal amount of 5.500% Senior Notes due 2023.

In addition to the above indebtedness, as of September 30, 2016, we are a co-obligor of the following outstanding senior notes and debentures of Sunoco, which we refer to collectively as the Sunoco senior notes:


    $400 million in principal amount of 5.75% Senior Notes due 2017; and


    $65 million in principal amount of 9.00% Debentures due 2024.

Our other subsidiaries, Transwestern, Panhandle and Sunoco Logistics (through its subsidiary, Sunoco Logistics Partners Operations L.P., or Sunoco Operations), also have outstanding debt as described below.

The failure by us and our subsidiaries to comply with the various restrictive and affirmative covenants of our respective debt agreements could require us and our subsidiaries to repay outstanding debt prior to its maturity and could negatively affect our and our subsidiaries’ ability to incur additional debt. Various of our and our subsidiaries’ debt agreements require us and our subsidiaries to measure certain financial tests and covenants quarterly and, as of September 30, 2016, we and our subsidiaries were in compliance with all of the covenants, including the financial requirements, tests, limitations, and covenants related to financial ratios, under our respective existing debt agreements.

ETP Revolving Credit Facility

On October 27, 2011, we amended and restated our revolving credit facility with Wells Fargo Bank, National Association, as administrative agent, swingline lender and an LC issuer, and Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., as joint lead arrangers and joint book managers, and certain other agents and lenders (as further amended to date). The credit facility provides for $3.75 billion of revolving credit capacity. The credit facility matures on November 18, 2019, unless we elect the option of one-year extensions (subject to the approval of each such extension by the lenders holding a majority of the aggregate lending commitments under the credit facility). Amounts borrowed under the credit facility bear interest at a rate based on either a LIBOR rate or a base rate, at our option, plus an applicable margin. The applicable margin and applicable rate used in connection with the interest rates and commitment fees, respectively, are based on the credit ratings assigned to our senior, unsecured, non-credit enhanced long-term debt. The applicable margin for LIBOR rate loans ranges from 1.125% to 1.750% and the applicable margin for base rate loans ranges from 0.125% to 0.750%. The credit facility has a swingline loan option of which borrowings and aggregate principal amounts shall not exceed the lesser of (i) the aggregate commitments ($3.75



 << Previous Page | Next Page >>