DALLAS--(BUSINESS WIRE)--Apr. 4, 2013--
Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has
commenced a public offering of 12,000,000 common units representing
limited partner interests, with a 30-day option for the underwriter to
purchase up to an additional 1,800,000 common units. Net proceeds from
the offering will be used by ETP to repay amounts outstanding under its
revolving credit facility and for general partnership purposes.
Barclays Capital Inc. is acting as the underwriter. A copy of the
preliminary prospectus supplement and prospectus relating to the
offering may be obtained by contacting Barclays c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free:
(888) 603-5847, barclaysprospectus@broadridge.com.
You may also obtain these documents for free when they are available by
visiting EDGAR on the Securities and Exchange Commission, or 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 will be made
pursuant to an effective shelf registration statement and prospectus
filed by ETP with the SEC.
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 24,000 miles of
gathering and transportation pipelines, treating and processing assets,
and storage facilities. ETP also owns general partner interests, 100% of
the incentive distribution rights, and a 32.4% limited partnership
interest 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 also holds a 70% interest in Lone Star NGL, a joint venture that
owns and operates natural gas liquids storage, fractionation and
transportation assets in Texas, Louisiana and Mississippi. In addition,
ETP holds controlling interest in a corporation (ETP Holdco Corporation)
that owns Southern Union Company and Sunoco, Inc. ETP’s general partner
is owned by Energy Transfer Equity, L.P. (NYSE:ETE).
Statements about the offering may be forward-looking statements as
defined under federal law. Forward-looking statements can be identified
by words such as “anticipates,” “believes,” “expects,” “estimates,”
“forecasts,” “projects,” “should” 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.
Source: Energy Transfer Partners, 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)