DALLAS--(BUSINESS WIRE)--Nov. 14, 2013--
Energy Transfer Equity, L.P. (NYSE: ETE) today announced
its intention, subject to market conditions, to offer $400 million of
senior notes due January 2024 in a public offering. ETE intends to use
the net proceeds from this offering, together with the net proceeds from
its new term loan credit facility, to fund its previously announced
tender offer (the “Tender Offer”) to purchase for cash up to an
aggregate of $400 million principal amount of its outstanding 7.500%
Senior Notes due 2020 (the “2020 Notes”) from registered holders of the
2020 Notes, including any related fees, expenses and accrued interest.
To the extent the net proceeds from the offering of senior notes exceeds
the purchase price for the amount of 2020 Notes tendered in the Tender
Offer and the related fees, expenses and accrued interest, ETE intends
to use the balance of the proceeds for general partnership purposes.
Credit Suisse, Deutsche Bank Securities, Citigroup and Goldman, Sachs &
Co. are acting as joint global coordinators and joint book-running
managers for the offering. In addition, Barclays Capital, BofA Merrill
Lynch, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley, RBC
Capital Markets, RBS and UBS Investment Bank are joint book-running
managers. A copy of the preliminary prospectus supplement and prospectus
relating to the offering may be obtained from the following addresses:
Credit Suisse
Attn: Prospectus Dept.
One Madison Avenue
New
York, NY 10010
Telephone: 1-800-221-1037
Deutsche Bank Securities
Attn: Prospectus Group
60 Wall
Street
New York, NY 10005
Telephone: 1-800-503-4611
Citigroup
c/o Broadridge Financial Solutions
1155 Long
Island Avenue
Englewood, NY 11717
Telephone: 1-800-831-1946
Goldman, Sachs & Co.
Attn: Prospectus Dept.
200
West Street
New York, NY 10282
Telephone: 1-866-471-2526
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
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 is made pursuant to
an effective shelf registration statement and prospectus filed by ETE
with the SEC.
Energy Transfer Equity, L.P. (NYSE:ETE) is a master limited partnership
which owns the general partner and 100% of the incentive distribution
rights (IDRs) of Energy Transfer Partners, L.P. (NYSE:ETP),
approximately 49.6 million ETP common units, and approximately 50.2
million ETP Class H Units, which track 50% of the underlying economics
of the general partners interest and IDRs of Sunoco Logistics Partners
L.P. (NYSE:SXL). ETE also owns the general partner and 100% of the IDRs
of Regency Energy Partners LP (NYSE:RGP) and approximately 26.3 million
RGP common units. The Energy Transfer family of companies owns more than
56,000 miles of natural gas, natural gas liquids, refined products, and
crude oil pipelines.
Statements about the offering may be forward-looking statements as
defined under federal law. 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 ETE, and a variety of risks that could cause results to
differ materially from those expected by management of ETE. ETE
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.
Source: Energy Transfer Equity, L.P.
Energy Transfer Equity, L.P.
Investor Relations:
Energy
Transfer
Brent Ratliff, 214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
214-498-9272
(cell)