Energy Transfer LP prices $3.9bn in senior and junior subordinated notes, due in 2029, 2034, and 2054 at varying rates.
Energy Transfer LP has announced the pricing of $3.5 billion of senior notes and $400 million of fixed-to-fixed reset rate junior subordinated notes. The senior notes include $1bn 5.25% due 2029, $1.25bn 5.6% due 2034, and $1.25bn 6.05% due 2054. The junior subordinated notes carry a 7.125% fixed-to-fixed reset rate. Both note offerings are expected to settle on June 21, 2024, subject to customary closing conditions.
June 07, 2024
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