Energy Transfer LP (ET) has released an update to notify the public and investors about an entry into a material definitive agreement.
Energy Transfer LP completed two separate underwritten public offerings on January 25, 2024, raising a total of $3.8 billion through the issuance of Senior Notes and Junior Subordinated Notes. The Senior Notes comprised $1.25 billion of 5.550% notes due in 2034 and $1.75 billion of 5.950% notes due in 2054, while the Junior Subordinated Notes offering raised $800 million at an 8.000% fixed-to-fixed reset rate due in 2054. The offerings were conducted under an existing indenture agreement with U.S. Bank Trust Company and were registered under the Securities Act of 1933, following a previously filed Registration Statement and accompanying Prospectus Supplements.
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