Energy Transfer Partners LP

Priced an underwritten public offering of 16 million of its 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units at a price of $25 per unit, resulting in total proceeds of $400 million. The underwriters have a 30-day option to purchase up to 2.4 million additional Series D Preferred Units.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are acting as underwriters of the offering.