DALLAS--(BUSINESS WIRE)--Jan. 11, 2017--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the
pricing of $600 million aggregate principal amount of its 4.20% senior
notes due 2027 and $900 million aggregate principal amount of its 5.30%
senior notes due 2047, at a price to the public of 99.786% and 99.483%,
respectively, of their face value.
The sale of the senior notes is expected to settle on January 17, 2017,
subject to customary closing conditions. ETP intends to use the net
proceeds of approximately $1.48 billion from this offering to refinance
current maturities and to repay borrowings outstanding under ETP’s
revolving credit facility. Merrill Lynch, Pierce, Fenner & Smith
Incorporated, MUFG Securities Americas Inc. and TD Securities (USA) LLC
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:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
200 North
College Street
NC1-004-03-43
Charlotte, NC 28255-0001
Attention:
Prospectus Department
Toll-free: 1-800-294-1322
E-mail: dg.prospectus_requests@baml.com
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
Fax: (646) 434-3455
TD Securities USA LLC
31 West 52nd Street, 2nd Floor
New York,
New York 10019
Attn: Investment Grade Debt Capital Markets
Phone:
1 (855) 495-9846
Fax: (212) 827-7284
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.
About Energy Transfer Partners
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. 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 62,500 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 of Sunoco Logistics
Partners L.P. (NYSE: SXL), which operates a geographically diverse
portfolio of pipelines, terminalling and acquisition and marketing
assets. ETP recently acquired the general partner, 100% of the incentive
distribution rights, and an approximate 65% limited partnership interest
in PennTex Midstream Partners, LP (Nasdaq: PTXP), which is a
growth-oriented master limited partnership that provides natural gas
gathering and processing and residue gas and natural gas liquids
transportation services to producers in northern Louisiana. 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/20170111006181/en/
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff or
Lyndsay Hannah, 214-981-0795
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
Cell:
214-498-9272