Energy Transfer Partners Prices $1.5 Bln Of Senior Notes

(RTTNews) - Energy Transfer Partners, L.P. (ETP) on Thursday announced the pricing of $700 million aggregate principal amount of its 4.15% senior notes due 2020, $350 million aggregate principal amount of its 4.90% senior notes due 2024 and $450 million aggregate principal amount of its 5.95% senior notes due 2043, at a price to the public of 99.829%, 99.181% and 97.647%, respectively, of their face value.

The sale of the senior notes is expected to settle on September 19.

ETP plans to use the net proceeds of about $1.49 billion from the offering to repay $455 million of borrowings outstanding under the term loan of Panhandle's wholly owned subsidiary, Trunkline LNG Holdings, LLC, to repay borrowings outstanding under ETP's revolving credit facility and for general partnership purposes.