DALLAS--(BUSINESS WIRE)--May 22, 2014--
Energy Transfer Equity, L.P. (NYSE:ETE) today announced
its intention, subject to market conditions, to commence a tack-on
offering of additional 5.875% Senior Notes due 2024 (the “new notes”) in
a private placement. The new notes will be issued under the indenture
pursuant to which ETE previously issued $450 million aggregate principal
amount of 5.875% Senior Notes due 2024, all of which remains
outstanding. The new notes and the previously issued notes will be
treated as a single series under the indenture; however, until the new
notes have been exchanged for registered notes, the new notes will not
have the same CUSIP number as and will not trade interchangeably with
the previously issued notes. ETE intends to use the net proceeds from
the sale of the new notes to repay amounts outstanding under its
revolving credit facility, and any remaining net proceeds will be used
for general partnership purposes.
The securities to be offered have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any state
securities laws and, unless so registered, the securities may not be
offered or sold in the United States except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable state securities laws.
The new notes will be offered in a private offering exempt from the
registration requirements of the Securities Act. The new notes will be
offered inside the United States only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and outside the United
States to non-U.S. persons in reliance on Regulation S under the
Securities Act.
This press release is neither an offer to sell nor a solicitation of an
offer to buy the new notes or any other securities and shall not
constitute an offer to sell or a solicitation of an offer to buy, or a
sale of, the new notes or any other securities in any jurisdiction in
which such offer, solicitation or sale is unlawful.
Source: Energy Transfer Equity, L.P.
Energy Transfer Equity, L.P.
Investor Relations:
Brent
Ratliff, 214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
Mobile:
214-498-9272