DALLAS--(BUSINESS WIRE)--Dec. 9, 2013--
Energy Transfer Partners, L.P. (NYSE: ETP) announced today that
it has extended the expiration date for its previously announced
exchange offers relating to its outstanding 7.60% Senior Notes due 2024
(the “2024 Notes”), 8.25% Senior Notes due 2029 (the “2029 Notes”) and
Floating Rate Junior Subordinated Notes due 2066 (the “2066 Notes” and,
together with the 2024 Notes and the 2029 Notes, the “Notes”), which
commenced on November 7, 2013.
The registered exchange offer, which was initially scheduled to expire
at 5:00 p.m., New York City time, on December 6, 2013, has been extended
until 5:00 p.m., New York City time on December 13, 2013. Holders of
Notes previously tendered for exchange have the right to withdraw
tenders of the Notes at any time prior to the expiration of the exchange
offers. As of December 6, 2013, holders of 99.97% of the outstanding
principal amount of the 2024 Notes, 100% of the outstanding principal
amount of the 2029 Notes and 99.99% of the outstanding principal amount
of the 2066 had tendered their Notes for exchange.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most diversified
portfolios of energy assets in the United States. ETP currently has
natural gas operations that include approximately 47,000 miles of
gathering and transportation pipelines, treating and processing assets,
and storage facilities. ETP owns 100% of ETP Holdco Corporation, which
owns Southern Union Company and Sunoco, Inc., and a 70% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation and transportation assets. ETP also owns the
general partner, 100% of the incentive distribution rights, and
approximately 33.5 million common units in Sunoco Logistics Partners
L.P. (NYSE: SXL), which operates a geographically diverse portfolio of
crude oil and refined products pipelines, terminalling and crude oil
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE).
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in ETP’s Annual Report on Form 10-K for the year ended
December 31, 2012 and other documents filed from time to time with the
Securities and Exchange Commission. ETP undertakes no obligation to
update or revise any forward-looking statement to reflect new
information or events.
Source: Energy Transfer Partners
Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media
Relations:
Granado Communications Group
Vicki Granado,
214-599-8785
214-498-9272 (cell)