Print Page | Close Window
SEC Filings
424B3
ENERGY TRANSFER OPERATING, L.P. filed this Form 424B3 on 01/08/2019
Entire Document
 << Previous Page | Next Page >>


Table of Contents

UNDERWRITING

Subject to the terms and conditions stated in the underwriting agreement dated the date of this prospectus supplement by and among us and the underwriters named below, for whom Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. are acting as representatives, we have agreed to sell to each of the underwriters, and each of the underwriters has agreed, severally and not jointly, to purchase from us, the principal amount of the notes indicated in the following table:

 

Underwriters

   Principal
Amount of the
2021 Notes
     Principal
Amount of the
2024 Notes
     Principal
Amount of the
2029 Notes
     Principal
Amount of the
2049 Notes
 

Deutsche Bank Securities Inc.

   $                    $                    $                    $                

Goldman Sachs & Co. LLC

           

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

           

RBC Capital Markets, LLC

           

SunTrust Robinson Humphrey, Inc.

           
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $        $        $        $    
  

 

 

    

 

 

    

 

 

    

 

 

 

Under the terms and conditions of the underwriting agreement, if the underwriters take any of the notes, then they are obligated to take and pay for all the notes. The underwriting agreement also provides that if an underwriter defaults, the purchase commitments of non-defaulting underwriters may also be increased or the offering may be terminated. The offering of the 2021 notes, 2024 notes, 2029 notes and 2049 notes by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part.

Each series of notes is a new issue of securities with no established trading market and will not be listed on any national securities exchange. The underwriters have advised us that they intend to make a market for each series of notes, but they have no obligation to do so and may discontinue market-making at any time without providing any notice. No assurance can be given as to the liquidity of any trading market for the notes.

Notes of each series sold by the underwriters to the public will initially be offered at the public offering prices set forth on the cover page of this prospectus supplement. Any notes sold by the underwriters to securities dealers may be sold at a discount from the public offering price of up to     % of the principal amount in the case of the 2021 notes, up to     % of the principal amount in the case of the 2024 notes, up to     % of the principal amount in the case of the 2029 notes or up to     % of the principal amount in the case of the 2049 notes. The underwriters may allow, and any such dealer may reallow, a concession not in excess of     % of the principal amount in the case of the 2021 notes,     % of the principal amount in the case of the 2024 notes,    % of the principal amount in the case of the 2029 notes or     % of the principal amount in the case of the 2049 notes to certain other dealers. After the initial offering of the notes to the public, the underwriters may change the offering price and other selling terms.

 

S-36

 << Previous Page | Next Page >>