Energy Transfer to sell senior notes due 2023, 2028, 2038, 2048

By Devika Patel

Knoxville, Tenn., June 5 – Energy Transfer Partners, LP intends to price four tranches of senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The three fixed-rate notes are due Sept. 15, 2023; June 15, 2028; June 15, 2038; and June 15, 2048.

The notes feature a make-whole call and then a par call.

Mizuho Securities USA Inc., MUFG, SMBC Nikko and TD Securities (USA) LLC are the bookrunners.

Proceeds will be used to repay in full the company’s 2.5% senior notes due June 15, 2018 and 6.7% senior notes due July 1, 2018 and its subsidiary’s 7% senior notes due June 15, 2018, to repay borrowings under its revolving credit facility and for general partnership purposes.

Energy Transfer Partners is a Dallas-based natural gas and propane transportation company.

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