Energy Transfer Prices $1 Billion In Notes

Stock quotes in this article: ETP  

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.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services