DALLAS--(BUSINESS WIRE)--Jun. 5, 2018--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing
of its $500 million aggregate principal amount of 4.20% senior notes due
2023, $1.0 billion aggregate principal amount of 4.95% senior notes due
2028, $500 million aggregate principal amount of 5.80% senior notes due
2038 and $1.0 billion aggregate principal amount of 6.00% senior notes
due 2048 at a price to the public of 99.926%, 99.819%, 99.647% and
98.900%, respectively, of their face value.
The sale of the senior notes is expected to settle on June 8, 2018,
subject to the satisfaction of customary closing conditions. ETP intends
to use the net proceeds of approximately $2,963,055,000 from this
offering to repay in full its 2.50% senior notes due June 15, 2018 and
6.70% senior notes due July 1, 2018 and its subsidiary’s 7.00% senior
notes due June 15, 2018, to repay borrowings outstanding under its
revolving credit facility and for general partnership purposes.
Mizuho Securities USA LLC, MUFG Securities Americas Inc., SMBC Nikko
Securities America, Inc. and TD Securities (USA) LLC are acting as joint
book-running managers for the offering.
The offering of the senior notes is being made pursuant to an effective
shelf registration statement and prospectus filed by ETP with the
Securities and Exchange Commission (“SEC”). The offering of the senior
notes 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, copies of which may be obtained from the following
Mizuho Securities USA LLC
320 Park Avenue, 12th Floor
York, New York 10022
Attn: Debt Capital Markets
MUFG Securities Americas Inc.
1221 Avenue of Americas. 6th Floor
York, NY 10020
Attention: Capital Markets Group
SMBC Nikko Securities America, Inc.
277 Park Avenue
Attn: Debt Capital Markets
TD Securities (USA) LLC
31 West 52nd St., 2nd Floor
Attn: Transaction Management Group
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
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).
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180605006865/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Lyndsay Hannah, 214-981-0795
Lisa Dillinger, 214-840-5820