Summary
Energy Transfer LP (ET) announced the completion of a significant underwritten public offering of senior notes totaling $3 billion. This offering comprises $1 billion of 4.550% Senior Notes due 2031, $1 billion of 5.350% Senior Notes due 2036, and $1 billion of 6.300% Senior Notes due 2056. These notes were issued under the existing Indenture dated December 14, 2022, as supplemented by a Tenth Supplemental Indenture executed on January 27, 2026. This debt issuance, registered under an effective Form S-3ASR registration statement, provides Energy Transfer with substantial capital. Investors should note the different maturity dates and coupon rates across the tranches, reflecting varying terms and market conditions. The successful completion of this offering indicates continued investor confidence in Energy Transfer's creditworthiness and its ability to access capital markets.
Key Highlights
- 1Completed a $3 billion public offering of senior notes.
- 2Issued $1 billion of 4.550% Senior Notes due 2031.
- 3Issued $1 billion of 5.350% Senior Notes due 2036.
- 4Issued $1 billion of 6.300% Senior Notes due 2056.
- 5Notes issued under the Indenture dated December 14, 2022, as supplemented.
- 6Offering registered under Form S-3ASR, with prospectus supplement filed January 14, 2026.
- 7Legal opinions and supplemental indenture documents are publicly available as exhibits.