Energy Transfer prices $1 billion of notes in five-, 10-year tranches

New York, April 2 - Energy Transfer Partners, LP priced $1 billion of senior notes in five- and 10-year tranches.

The partnership sold $350 million of 8.5% senior notes due 2014 and $650 million of 9% senior notes due 2019.

Credit Suisse Group, J.P. Morgan Securities Inc., Morgan Stanley & Co. and RBS Greenwich Capital are the joint bookrunners. The co-managers are BNP Paribas and Deutsche Bank Securities Inc.

Settlement is scheduled for April 7.

Full details were not available at press time.

Proceeds will be used to fully repay debt outstanding on the company's revolving credit facility and for general partnership purposes..

Dallas-based Energy Transfer owns and operates a portfolio of energy assets, including natural gas transportation and storage operations.

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