DALLAS--(BUSINESS WIRE)--Jun. 18, 2015--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing
of $650 million aggregate principal amount of its 2.500% senior notes
due 2018, $350 million aggregate principal amount of its 4.150% senior
notes due 2020, $1.0 billion aggregate principal amount of its 4.750%
senior notes due 2026 and $1.0 billion aggregate principal amount of its
6.125% senior notes due 2045, at a price to the public of 99.946%,
103.113% (plus accrued interest from April 1, 2015), 99.275% and
99.619%, respectively, of their face value. The senior notes due 2020
are being offered as additional notes under an indenture pursuant to
which ETP issued $700 million aggregate principal amount of 4.150%
senior notes due 2020 on September 19, 2013. These additional senior
notes due 2020 and the existing senior notes due 2020 will be treated as
a single series of securities under such indenture.
The sale of the senior notes is expected to settle on June 23, 2015,
subject to customary closing conditions. ETP intends to use the net
proceeds of approximately $2.98 billion from this offering to repay
borrowings outstanding under ETP’s revolving credit facility, to fund
growth capital expenditures and for general partnership purposes.
Wells Fargo Securities, LLC, Deutsche Bank Securities Inc. and
Mitsubishi UFJ Securities (USA), Inc. are acting as joint book-runners
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
addresses:
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Wells Fargo Securities, LLC
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608 2nd Avenue
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South Minneapolis, MN 55402
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Attention: WFS Customer Service
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Toll-Free: 1-800-645-3751
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Email: wfscustomerservice@wellsfargo.com
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Deutsche Bank Securities Inc.
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Attn.: Prospectus Group
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60 Wall Street
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New York, NY 10005-2836
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Toll-Free: 1-800-503-4611
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Email: prospectus.cpdg@db.com
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Mitsubishi UFJ Securities (USA), Inc.
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1633 Broadway, 29th Floor
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New York, NY 10019
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Attn: Capital Markets Group
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Phone: 212-405-7440
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Fax: 646-434-3455
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Toll-free Prospectus Request Hotline: 877-649-6848
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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.
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’s subsidiaries include Panhandle Eastern Pipe
Line Company, LP (the successor of Southern Union Company) and Lone Star
NGL LLC, which owns and operates natural gas liquids storage,
fractionation and transportation assets. In total, ETP currently owns
and operates more than 62,000 miles of natural gas and natural gas
liquids pipelines. ETP also owns the general partner, 100% of the
incentive distribution rights, and approximately 67.1 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 owns 100% of Sunoco, Inc. and 100% of Susser Holdings Corporation.
Additionally, ETP owns the general partner, 100% of the incentive
distribution rights and approximately 44% of the limited partner
interests in Sunoco LP (formerly Susser Petroleum Partners LP) (NYSE:
SUN), a wholesale fuel distributor and convenience store operator. 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: http://www.businesswire.com/news/home/20150618006499/en/
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff,
214-981-0700
or
Lyndsay Hannah, 214-840-5477
or
Media
Relations:
Granado Communications Group
Vicki Granado,
214-599-8785
Cell: 214-498-9272