DALLAS--(BUSINESS WIRE)--Aug. 14, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has
priced its previously announced underwritten public offering of
54,000,000 common units representing limited partner interests at $18.65
per common unit. Net proceeds from the offering will be used by ETP to
repay amounts outstanding under its revolving credit facilities, to fund
capital expenditures and for general partnership purposes. The offering
is scheduled to close on August 18, 2017. ETP also granted the
underwriter a 30-day option to purchase up to an aggregate of 8,100,000
additional common units.
Barclays Capital Inc. is acting as sole book-running manager for the
A copy of the prospectus supplement and accompanying prospectus relating
to the offering may be obtained by contacting Barclays at:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
You may also obtain these documents for free when they are available by
visiting EDGAR on the Securities and Exchange Commission, or 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 will be 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 that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at www.energytransfer.com.
Statements about the offering may be forward-looking statements as
defined under federal law. Forward-looking statements can be identified
by words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “projects,” “should” 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.
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Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Brent Ratliff, 214-981-0795
Lisa Dillinger, 214-840-5820