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SEC Filings
424B5
ENERGY TRANSFER, LP filed this Form 424B5 on 01/13/2017
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Table of Contents

Filed Pursuant to Rule 424(b)(5)
Registration No. 333-202507

 

Prospectus    Supplement

(To Prospectus dated March 5, 2015)

 

LOGO

Energy Transfer Partners, L.P.

$600,000,000 4.200% Senior Notes due 2027

$900,000,000 5.300% Senior Notes due 2047

 

 

We are offering $600,000,000 aggregate principal amount of our 4.200% Senior Notes due 2027, or the 2027 notes, and $900,000,000 aggregate principal amount of our 5.300% Senior Notes due 2047, or the 2047 notes. We refer to the 2027 notes and the 2047 notes, collectively, as the notes.

Interest on the notes will accrue from January 17, 2017 and will be payable semi-annually on April 15 and October 15 of each year, beginning on October 15, 2017 . The 2027 notes will mature on April 15, 2027 and the 2047 notes will mature on April 15, 2047.

We may redeem some or all of the notes of each series at our option at any time and from time to time prior to their maturity at the applicable redemption prices set forth in this prospectus supplement, plus accrued and unpaid interest. Please read the section entitled “Description of Notes—Optional Redemption.”

The notes are our unsecured senior obligations. If we default, your right to payment under the notes will rank equally with the right to payment of the holders of our other current and future unsecured senior debt, including our existing senior notes and the existing senior notes and debentures of Sunoco, Inc., or Sunoco, of which we are a co-obligor, and senior in right of payment to all of our current and future subordinated debt, including our existing junior subordinated notes. The notes will not initially be guaranteed by our subsidiaries.

Each series of the notes is a new issue of securities with no established trading market. We do not intend to apply for the listing of the notes on any securities exchange or for the quotation of the notes on any automated dealer quotation system.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Investing in the notes involves risks. Please read “Risk Factors” beginning on page S-6 of this prospectus supplement and page 4 of the accompanying prospectus and the other risks identified in the documents incorporated by reference herein for information regarding risks you should consider before investing in the notes.

 

 

 

    

Per

2027
Note

   

Total

2027 Notes

    

Per

2047
Note

   

Total

2047 Note

 

Price to Public(1)

     99.786   $ 598,716,000         99.483   $ 895,347,000   

Underwriting Discount

     0.650   $ 3,900,000         0.875   $ 7,875,000   

Proceeds to Energy Transfer Partners, L.P. (Before Expenses)

     99.136   $ 594,816,000         98.608   $ 887,472,000   

 

(1) Plus accrued interest from January 17, 2017, if any.

The underwriters expect to deliver the notes in book-entry form only through The Depository Trust Company on or about January 17, 2017.

 

 

Joint Book-Running Managers

 

BofA Merrill Lynch  

MUFG

  TD Securities
BBVA   Credit Suisse   Goldman, Sachs & Co.  

HSBC

 

Mizuho Securities

  Natixis
PNC Capital Markets LLC   UBS Investment Bank   US Bancorp  

Wells Fargo Securities

 

Co-Manager

Credit Agricole CIB

 

The date of this prospectus supplement is January 11, 2017.

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