Energy Transfer Prices $2.7 Billion in Senior Notes Across Three Maturities

Energy Transfer LP priced $2.7 billion in senior notes Thursday, splitting the offering among three maturities and planning to use proceeds for debt refinancing and general partnership purposes. The partnership offered $900 million of notes due in 2032 at a 5.450% interest rate, $900 million due in 2037 at 5.900% and $900 million due in 2057 at 6.550%. The notes were priced at 99.972%, 99.719% and 99.862% of face value, respectively. Energy Transfer expects about $2.68 billion in net proceeds before offering expenses.

Source: TokenPost