Energy Transfer Operating, L.P. Announces 97% Final Participation in Exchange Offers and Consent Solicitations
The following table sets forth the aggregate principal amount of each series of Existing ET Notes that were validly tendered and not validly withdrawn as of the Expiration Date pursuant to the terms and conditions of the Exchange Offers and Consent Solicitations. The final settlement of the Exchange Offers and Consent Solicitations is expected to take place on or about
Title of Series of Existing ET Notes/CUSIP Number(s) (Collectively, the “Existing ET Notes”) | Aggregate Principal Amount Outstanding | Tenders and Consents Received as of the Expiration Date | Percentage of Total Outstanding Principal Amount of such Series of Existing ET Notes | ||||||
7.500% Senior Notes due 2020 / 29273VAC4 | $1,187,032,000 | $1,128,540,000 | 95.1% | ||||||
4.250% Senior Notes due 2023 / 29273VAG5 | $1,000,000,000 | $993,153,000 | 99.3% | ||||||
5.875% Senior Notes due 2024 / 29273VAD2 / 29273VAE0 | $1,150,000,000 | $1,127,484,000 | 98.0% | ||||||
5.500% Senior Notes due 2027 / 29273VAF7 | $1,000,000,000 | $955,955,000 | 95.6% | ||||||
A Registration Statement on Form S-4 (File No. 333-229843) (the “Registration Statement”) relating to the Exchange Offers and Consent Solicitations was filed with the
The Exchange Offers and Consent Solicitations were made upon the terms and subject to the conditions set forth in the prospectus dated as of
The Dealer Managers for the Exchange Offers and the Solicitation Agents for the Consent Solicitations are:
Citigroup 388 Greenwich Street, 7th Floor New York, New York 10013 Attn: Liability Management Group Collect: (212) 723-6106 Toll-Free: (800) 558-3745 |
J.P. Morgan J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179 Attention: Liability Management Group Collect: (212) 834-3424 Toll-Free: (866) 834-4666 |
TD Securities TD Securities (USA) LLC 31 West 52nd Street New York, New York 10019 Attn: Liability Management Group Toll-Free: (855) 495-9846 |
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The Information Agent and Exchange Agent for the Exchange Offers and Consent Solicitations is:
Global Bondholder Services Corporation 65 Broadway, Suite 404 New York, New York 10006 Banks and Brokers Call Collect: (212) 430-3774 All Others Call Toll-Free: (866) 924-2200 |
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities described herein and is also not a solicitation of the related consents. The Exchange Offers and Consent Solicitations were made only pursuant to the terms of the Prospectus and the other related materials.
Forward-Looking Statements
Statements about the Exchange Offers and Consent Solicitations 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 ETO, and a variety of risks that could cause results to differ materially from those expected by management of ETO. Important information about issues that could cause actual results to differ materially from those expected by management of ETO can be found in ETO’s public periodic filings with the
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Source:
Energy Transfer Operating, L.P.
Investor Relations:
William Baerg, Brent Ratliff, Lyndsay Hannah, 214-981-0795
or
Media Relations:
Vicki Granado and Lisa Dillinger, 214-840-5820