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Energy Transfer Equity Announces Increase In Tender Cap And Extends Expiration Time Relating To The Tender Offer Of Its Outstanding 7.500% Senior Notes Due 2020

Stocks in this article: ETEETPRGPSXL

Energy Transfer Equity, L.P. (NYSE: ETE) (the “Partnership”) today announced that it has increased the tender cap of its previously announced tender offer (the “Tender Offer”) to purchase for cash its outstanding 7.500% Senior Notes due 2020 (the “Notes”) from registered holders of the Notes (“Holders”) from the previously announced tender cap of up to an aggregate of $400 million principal amount to up to an aggregate of $600 million principal amount.

        Principal    

 

CUSIP and Amount

Title of Security

    ISIN Numbers     Outstanding     Tender Cap

7.500% Senior Notesdue 2020

   

29273VAC4 andUS29273VAC46

    $1,800,000,000     $600,000,000
 

Additionally, the Partnership is extending the time that the Tender Offer will expire from 11:59 p.m., New York City time, on November 27, 2013 to 11:59 p.m., New York City time, on November 29, 2013 (the “Expiration Time”), unless extended or earlier terminated. Holders who validly tender their Notes and whose Notes are accepted for payment will receive accrued and unpaid interest from, and including, the last interest payment date to, but excluding, the payment date. As a result, the payment date is expected to be December 2, 2013, the first business day following the Expiration Time.

All other material terms of the Tender Offer remain unchanged. Eligible holders should refer to the Offer to Purchase dated October 30, 2013 (the “Offer to Purchase”) for further details and the terms and conditions of the Tender Offer.

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