Energy Transfer LP announced the pricing of a $3.0 billion aggregate principal amount offering of senior notes. The offering includes $650 million of 5.200% senior notes due 2030, $1.250 billion of 5.700% senior notes due 2035, and $1.100 billion of 6.200% senior notes due 2055.
The senior notes were priced to the public at 99.796%, 99.872%, and 99.398% of their face value, respectively. The sale of these notes is expected to settle on March 4, 2025, subject to customary closing conditions.
Energy Transfer intends to use the net proceeds of approximately $2.97 billion from this offering to refinance existing indebtedness, including commercial paper and borrowings under its revolving credit facility, and for general partnership purposes. This move enhances the company's financial flexibility and optimizes its debt maturity profile.
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