. Net proceeds of the offering, expected to be approximately $3.97 billion, will be used to refinance existing indebtedness. (Source: Shutterstock)
Energy Transfer LP, an energy asset owner and operator, announced the aggregate pricing and due dates of its senior notes, according to an Oct. 10 press release.
As stated in the release, the company listed the pricing of its $1 billion aggregate principal amount of 6.05% senior notes due by 2026 at a price to the public of 99.94% of their face value. The $500 million aggregate principal amount of 6.1% senior notes due 2028 was set at a price of 99.89% of their face value. The $1 billion aggregate principal amount of 6.4% senior notes due 2023 was set at a price to the public of 99.89% of their face value. The $1.5 billion aggregate principal amount of 6.55% senior notes due 2033 was set at a price of 99.89% of their face value.
The sale of the senior notes is expected to settle Oct. 13. Net proceeds of the offering, expected to be approximately $3.97 billion, will be used to refinance existing indebtedness, including borrowings under the company’s revolving credit facility, and general partnership purposes.
The offering of the senior notes may be made only in accordance with the requirements of the Securities and Exchange Commission according to the release.
Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America Inc. are jointly serving as book-running managers for the offering.
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