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

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.

If you liked this article you might like

Pipeline Companies Are Feuding With The Steel Industry Over Upcoming Commerce Department Report

Senator Debbie Stabenow Takes On Kid Rock and Michigan Pipeline On The Same Day

Energy Transfer's Pipeline Spill Problem Is Causing It Another Headache

Dakota Access Pipeline May Have to Interrupt Operations to Redo Environmental Review

U.S. Pipeline Cos. Ready to Blow Past Regulatory Roadblock