Energy Transfer LP (ET) Form 8-K — Jul 8, 2026
Energy Transfer LP priced $1.75 billion aggregate principal amount of junior subordinated notes due 2057, consisting of $650 million of Series 2026A Notes and $1.1 billion of Series 2026B Notes. The Series 2026A Notes will bear interest at an annual rate of 6.550%, while the Series 2026B Notes will bear interest at an annual rate of 6.700%. The offering is expected to close on July 20, 2026, subject to customary closing conditions. The Partnership intends to use the net proceeds of approximately $1.73 billion to redeem all of its outstanding 6.500% Series H Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units.
Key figures
- Debt Amount
- $1,750,000,000
- Gross Proceeds
- $1,732,500,000
- Series 2026a coupon
- 6.550%
- Series 2026b coupon
- 6.700%
- Series 2026a principal
- $650,000,000
- Series 2026b principal
- $1,100,000,000
- Senior debt post offering
- $64.8 billion
- Junior subordinated debt post offering
- $5.5 billion
Price after filing
Close on the filing date to close N calendar days later (from $19.86). Historical, not a forecast.
AI analysis
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