Energy Transfer to repay revolving facility via senior note offerings

By Tali Rackner

Norfolk, Va., March 5 – Energy Transfer Partners, LP plans to pay down outstanding borrowings under its revolving credit facility with the proceeds from new senior note offerings, according to a 424B3 filing with the Securities and Exchange Commission.

Proceeds will also be used to fund growth capital expenditures and for general partnership purposes.

As of Monday, there was a balance of $2.2 billion in revolving credit loans outstanding under the revolver, and there were $122 million of letters of credit outstanding.

The revolver matures on Nov. 18, 2019. Borrowings under the facility were used to fund growth capital expenditures and working capital requirements.

The energy gathering and transportation company is based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.