Energy Transfer LP Announces Pricing of $1.75 Billion of Junior Subordinated Notes
Energy Transfer priced a $1.75 billion offering of junior subordinated notes due 2057, split between $650 million of 6.550% Series 2026A notes and $1.1 billion of 6.700% Series 2026B notes at par. The company expects to use the net proceeds of approximately $1.73 billion to redeem all outstanding 6.500% Series H Preferred Units and to refinance existing indebtedness, including commercial paper and revolver borrowings. The offering is set to settle on July 20, 2026, with Citigroup, J.P.
Key figures
- Deal Value Usd
- 1750000000
- Offering Price
- 100.000%
- Net proceeds
- 1732500000
- Maturity year
- 2057
- Series h coupon
- 6.500%
- Series 2026a coupon
- 6.550%
- Series 2026b coupon
- 6.700%
- Series 2026a principal
- 650000000
- Series 2026b principal
- 1100000000
AI analysis
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