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Energy Transfer Equity to sell $750 million 5.5-year notes on Tuesday
By Paul A. Harris
Portland, Ore., Oct. 3 – Energy Transfer Equity, LP plans to price $750 million of non-callable 5.5-year senior secured notes (current ratings Ba2/BB-) on Tuesday, trailing a mid-morning conference call with investors, according to an informed source.
Morgan Stanley & Co. LLC and Mizuho Securities are the joint bookrunners for the public offering.
The Dallas-based midstream oil and gas company plans to use the proceeds to pay down its term loan facility and for general partnership purposes.
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