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...
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