Energy Transfer Partners Announces Pricing Of $1.25 Billion Of Senior Notes

Energy Transfer Partners, L.P. (NYSE:ETP) today announced the pricing of $800 million aggregate principal amount of its 3.60% senior notes due 2023 and $450 million aggregate principal amount of its 5.15% senior notes due 2043. The sale of the senior notes is expected to settle on January 22, 2013, subject to customary closing conditions. ETP intends to use the net proceeds of approximately $1.24 billion from this offering to repay borrowings outstanding under its revolving credit facility and for general partnership purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., U.S. Bancorp Investments, Inc. and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. In addition, DNB Markets, Inc., Mitsubishi UFJ Securities (USA), Inc., PNC Capital Markets LLC and UBS Securities LLC are acting as co-managers.

The offering is being made by means of a prospectus and related prospectus supplement, copies of which may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New York, New York 10038, Telephone: [phone], SunTrust Robinson Humphrey, Inc. at 3333 Peachtree Road, 11th Floor, Atlanta, Georgia 30326, Attn: Investment Grade Debt Capital Markets, Telephone: [phone] and Wells Fargo Securities, LLC at 1525 West W.T. Harris Blvd., NC0675 Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, Telephone: [phone], Email: [e-mail]. You may also obtain these documents for free when they are available by visiting EDGAR on the SEC web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering is made pursuant to an effective shelf registration statement and prospectus filed by ETP with the SEC.

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