Energy Transfer LP announced the pricing of $3.0 billion senior notes offering.
The offering includes 4.550% senior notes due 2031, 5.350% senior notes due 2036, and 6.300% senior notes due 2056.
The proceeds will be used for refinancing existing indebtedness and general partnership purposes.
Offering Details
$1.0 billion each of 4.550%, 5.350%, and 6.300% senior notes were priced at respective public prices of 99.830%, 99.933%, and 99.842% of face value.
Use of Proceeds
Net proceeds of approximately $2.97 billion will be used for debt refinancing and general partnership purposes.
Book-Running Managers
BofA Securities, Deutsche Bank Securities, Mizuho, MUFG, and SMBC Nikko are the joint book-running managers for the offering.
- Energy Transfer aims to enhance its financial position through the refinancing of existing debt.
- The diversified portfolio of energy assets in the U.S. contributes to the company's strategic network across major production basins.
The successful pricing of the senior notes offering reflects investor confidence in Energy Transfer LP's strategic direction and financial stability.