Summary
Energy Transfer LP (ET) has announced the successful completion of a significant public offering of senior notes, raising a total of $3.0 billion. This offering includes $650 million in 5.200% Senior Notes due 2030, $1.25 billion in 5.700% Senior Notes due 2035, and $1.1 billion in 6.200% Senior Notes due 2055. These notes were issued under the existing indenture, with the new notes being formalized by a Seventh Supplemental Indenture. This capital raise is a key event for investors, providing insights into the company's financing strategy and its ability to access public markets for substantial funding.
Key Highlights
- 1Completed a public offering of $3.0 billion aggregate principal amount of senior notes.
- 2Issued 5.200% Senior Notes due 2030 ($650 million).
- 3Issued 5.700% Senior Notes due 2035 ($1.25 billion).
- 4Issued 6.200% Senior Notes due 2055 ($1.1 billion).
- 5Notes were issued under the existing Indenture dated December 14, 2022.
- 6Formalized the issuance with a Seventh Supplemental Indenture dated March 4, 2025.
- 7The offering was registered under the Securities Act of 1933 via a Form S-3ASR registration statement.