Energy Transfer LP announced the pricing of a $2.0 billion aggregate principal amount offering of junior subordinated notes. The offering includes $1.2 billion of Series 2025A junior subordinated notes due 2056, bearing interest at an annual rate of 6.500%.
Additionally, the offering includes $800 million of Series 2025B junior subordinated notes due 2056, with an initial annual interest rate of 6.750%. The sale of these notes is expected to settle on August 25, 2025, subject to customary closing conditions.
Energy Transfer intends to use the net proceeds of approximately $1.98 billion from this offering to repay borrowings under its revolving credit facility and for general partnership purposes. This financing move helps manage the company's debt profile and supports its ongoing operations.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.