Energy Transfer Partners plans to sell two tranches of senior notes

By Devika Patel

Knoxville, Tenn., Jan. 11 – Energy Transfer Partners, LP intends to offer fixed-rate senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will have a make-whole call initially, then a par call. Interest will be payable semiannually in arrears.

BofA Merrill Lynch, MUFG and TD Securities (USA) LLC are the bookrunners.

Proceeds will be used to refinance current maturities and to repay borrowings outstanding under a revolving credit facility, which has a current balance of $1.58 billion of borrowings.

The energy gathering and transportation company is based in Dallas.

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