Energy Transfer Operating, L.P. Announces Early Participation Results of Exchange Offers and Consent Solicitations for Senior Notes of Energy Transfer LP and Extends Early Consent Benefits to Remaining Holders
Based upon the substantial participation to date and the amendments
contemplated in the Exchange Offers and Consent Solicitations, ETO is
allowing additional time for investors to participate on the same terms
as the approximately 97% of holders of Existing ET Notes that have
already agreed to exchange by extending the deadline to receive the
Early Tender Premium (as defined below) to
Except as described in this press release relating to the extension of
the deadline to receive the Early Tender Premium, no changes have been
made to the terms and conditions of the Exchange Offers and Consent
Solicitations, which are set forth in ETO’s Registration Statement on
Form S-4 (File No. 333-229843) (the “Registration Statement”), which was
filed with the
The early consent deadline had been
Title of Series of Existing ET Notes/CUSIP Number(s) |
Aggregate principal amount of such series of Existing ET Notes tendered and consenting as of the Early Tender Deadline |
Percentage of total outstanding principal amount of such series of Existing ET Notes tendered and consenting as of the Early Tender Deadline | ||||
7.500% Senior Notes due 2020 / 29273VAC4 | $1,129,011,000 | 95.1% | ||||
4.250% Senior Notes due 2023 / 29273VAG5 | $990,743,000 | 99.1% | ||||
5.875% Senior Notes due 2024 / 29273VAD2 / 29273VAE0 | $1,125,880,000 | 97.9% | ||||
5.500% Senior Notes due 2027 / 29273VAF7 | $952,930,000 | 95.3% | ||||
The Exchange Offers and Consent Solicitations are being made pursuant to
the terms and conditions set forth in ETO’s preliminary 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 |
||||||||
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 may be made only pursuant to the terms of the Prospectus and the
other related materials. A Registration Statement relating to the New
ETO Notes has been filed with the
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20190311005240/en/
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