Energy Transfer Operating, L.P. Announces Pricing of Concurrent Offerings of $4.5 Billion of Senior Notes and $1.6 Billion of Preferred Units
ETO also announced that it has priced an underwritten public offering of 500,000 of its 6.750% Series F Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units (the “Series F Preferred Units”) at a price of
The offering of senior notes and the offering of preferred units are being conducted as separate offerings pursuant to separate prospectus supplements and neither offering is contingent upon the other. Each of the offerings is expected to settle on
Each of the offerings is being made pursuant to an effective shelf registration statement and prospectus filed by ETO with the
Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Telephone: 1-800-831-9146 Email: prospectus@citi.com |
Natixis Securities Americas LLC 1251 Avenue of the Americas New York, New York 10020 Attention: DCM Syndicate Phone: 1-212-698-3108
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Deutsche Bank Securities Inc. 60 Wall Street New York, NY 10005-2836 Attention: Prospectus Group Phone: 1-800-503-4611 E-mail: prospectus.cpdg@db.com |
TD Securities (USA) LLC 31 West 52nd Street, 2nd Floor New York, New York 10019 Attention: DCM Syndicate Phone: 1-855-495-9846 |
MUFG Securities Americas Inc. 1221 Avenue of the Americas, 6th Floor New York, New York 10020 Attn: Capital Markets Group Phone: 1-877-649-6848 |
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You may also obtain these documents for free when they are available by visiting EDGAR on the
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.
Statements about the offerings may be forward-looking statements as defined under federal law. 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