Transportation
Energy Transfer Prices $1 Billion In Notes
The Associated Press
04/03/09 - 08:09 AM EDT
DALLAS (AP) Energy Transfer Partners LP, which operates natural gas midstream and transportation and storage businesses, said Thursday it will offer $1 billion in senior notes and use proceeds to repay its revolving credit facility.
The notes include $350 million in 8.5 percent senior notes due 2014 and $650 million in 9 percent senior notes due 2019.
The company plans to use proceeds to repay its revolving credit facility and for general partnership purposes.
The sale is expected to close on Tuesday.