DALLAS--(BUSINESS WIRE)--Mar. 6, 2015--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing
of $1.0 billion aggregate principal amount of its 4.050% senior notes
due 2025, $500 million aggregate principal amount of its 4.900% senior
notes due 2035 and $1.0 billion aggregate principal amount of its 5.150%
senior notes due 2045, at a price to the public of 99.918%, 99.810% and
99.772%, respectively, of their face value. The sale of the senior notes
is expected to settle on March 12, 2015, subject to customary closing
conditions. ETP intends to use the net proceeds of approximately $2.476
billion from this offering to repay borrowings outstanding under ETP’s
revolving credit facility, to fund growth capital expenditures and for
general partnership purposes.
Citigroup Global Markets Inc., RBC Capital Markets, LLC and UBS
Securities LLC are acting as joint book-running managers for the
offering. The offering is being made by means of a prospectus and
related prospectus supplement, copies of which may be obtained from the
following addresses:
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Citigroup
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c/o Broadridge Financial Solutions
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1155 Long Island Avenue
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Edgewood, New York 11717
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Telephone: (800) 831-9146
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RBC Capital Markets, LLC
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Attn: DCM Transaction Management
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200 Vesey Street, 8th Floor
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New York, New York 10281
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Telephone (866) 375-6829
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UBS Securities LLC
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Attn: Prospectus Dept.
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299 Park Avenue
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New York, New York 10171
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Telephone: (888) 827-7275
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You may also obtain these documents for free when they are available by
visiting EDGAR on the SEC web site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering may be made only by means of a prospectus and
related prospectus supplement meeting the requirements of Section 10 of
the Securities Act of 1933, as amended. The offering is made pursuant to
an effective shelf registration statement and prospectus filed by ETP
with the SEC.
Energy Transfer Partners, L.P. (NYSE:
ETP) is a master limited partnership owning and operating
one of the largest and most diversified portfolios of energy assets in
the United States. ETP currently owns and operates approximately 35,000
miles of natural gas and natural gas liquids pipelines. ETP owns 100% of
Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union
Company) and a 70% interest in Lone Star NGL LLC, a joint venture that
owns and operates natural gas liquids storage, fractionation and
transportation assets. ETP also owns the general partner, 100% of the
incentive distribution rights, and approximately 67.1 million common
units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a
geographically diverse portfolio of crude oil and refined products
pipelines, terminalling and crude oil acquisition and marketing assets.
ETP owns 100% of Sunoco, Inc. and 100% of Susser Holdings Corporation.
Additionally, ETP owns the general partner, 100% of the incentive
distribution rights and approximately 43% of the limited partner
interests in Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE:
SUN), a wholesale fuel distributor and convenience store operator. ETP’s
general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE).
For more information, visit the Energy Transfer Partners, L.P. web site
at www.energytransfer.com.
Statements about the offering may be forward-looking statements.
Forward-looking statements can be identified by words such as
“anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,”
“continues,” “estimates,” “goals,” “forecasts,” “may,” “will” and other
similar expressions. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
uncertainties and factors, many of which are outside the control of ETP,
and a variety of risks that could cause results to differ materially
from those expected by management of ETP. Important information about
issues that could cause actual results to differ materially from those
expected by management of ETP can be found in ETP’s public periodic
filings with the SEC, including its Annual Report on Form 10-K. ETP
undertakes no obligation to update or revise forward-looking statements
to reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)