Print Page | Close Window
SEC Filings
424B5
ENERGY TRANSFER OPERATING, L.P. filed this Form 424B5 on 01/10/2019
Entire Document
 << Previous Page | Next Page >>


Table of Contents

DESCRIPTION OF PREFERRED UNITS

Our partnership agreement authorizes us to issue an unlimited number of additional limited partner interests and other equity securities on the terms and conditions established by our general partner without the approval of any of our limited partners. In accordance with Delaware law and the provisions of our partnership agreement, we may issue additional partnership interests that have special voting rights to which our common units are not entitled, which we refer to in this prospectus as “preferred units.” As of the date of this prospectus, we have no preferred units outstanding.

If we offer preferred units under this prospectus, a prospectus supplement relating to the particular series of preferred units offered will include the specific terms of those preferred units, including, among other things, the following:

 

   

the designation, stated value, and liquidation preference of the preferred units and the number of preferred units offered;

 

   

the initial public offering price at which the preferred units will be issued;

 

   

any conversion or exchange provisions of the preferred units;

 

   

any redemption or sinking fund provisions of the preferred units;

 

   

the distribution rights of the preferred units, if any;

 

   

a discussion of any additional material federal income tax considerations regarding the preferred units; and

 

   

any additional rights, preferences, privileges, limitations, and restrictions of the preferred units.

 

13

 << Previous Page | Next Page >>