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Energy Transfer to repay some credit facility debt with notes proceeds
By Sara Rosenberg
New York, May 19 – Energy Transfer Equity LP plans to pay down a portion of the debt oustanding under its term loans and revolving credit facility using proceeds from a senior notes offering, according to a market source.
Remaining proceeds from the notes will be used for general partnership purposes.
As of May 5, the company had $1.4 billion outstanding under a term loan that matures on Dec. 2, 2019, $850 million outstanding under a term loan that matures on Dec. 2, 2019 and $965 million outstanding under a revolver that matures on Dec. 2, 2018.
Energy Transfer is a Dallas-based midstream oil and gas company.
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