Energy Transfer Partners Announces Pricing of $2.25 Billion of Senior Notes
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of $750 million aggregate principal amount of 4.00%
senior notes due 2027 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P. (the “Operating Partnership”) and
$1.50 billion aggregate principal amount of 5.40% senior notes due 2047 of the Operating Partnership at a price to the public of
99.216% and 99.806%, respectively, of their face value.
The sale of the senior notes is expected to settle on September 21, 2017, subject to the satisfaction of customary closing
conditions. ETP intends to use the net proceeds of approximately $2.223 billion from this offering to redeem all of the $500
million aggregate principal amount of Energy Transfer, LP’s 6.5% senior notes due 2021, repay borrowings outstanding under the
Operating Partnership’s revolving credit facility and for general partnership purposes.
Deutsche Bank Securities Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are
acting as joint book-running managers for the offering.
The offering of the senior notes is being made pursuant to an effective shelf registration statement and prospectus filed by ETP
and the Operating Partnership with the Securities and Exchange Commission (“SEC”). The offering of the senior notes 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, copies of which may be obtained from the following addresses:
Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005-2836
Attention: Prospectus Group
Phone: 1-800-503-4611
E-mail: prospectus.cpdg@db.com
PNC Capital Markets LLC
The Tower at PNC Plaza
300 Fifth Avenue
Pittsburgh, PA 15222
Attn: Kathleen Riley
Phone: 1-855-881-0697
Email: Kathleen.Riley@pnc.com
U.S. Bancorp Investments, Inc.
214 N. Tryon St., 26th Floor
Charlotte, NC 28202
Attention: Credit Fixed Income
Phone: 1-877-558-2607
Wells Fargo Securities, LLC
608 2nd Avenue South
Minneapolis, MN 55402
Attn: WFS Customer Service
Phone: 1-800-645-3751
E-mail: wfscustomerservice@wellsfargo.com
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.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins,
ETP owns and operates a geographically diverse portfolio of complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets;
NGL fractionation; and various acquisition and marketing assets. ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer Partners, L.P. website at www.energytransfer.com.
Statements about the offering may be forward-looking statements. Forward-looking statements can be identified by words such as
“anticipates,” “believes,” “intends,” “projects,” “plans,” “expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,” “will”
and other similar expressions. These forward-looking statements rely on a number of assumptions concerning future events and are
subject to a number of uncertainties and factors, many of which are outside the control of ETP, and a variety of risks that could
cause results to differ materially from those expected by management of ETP. Important information about issues that could cause
actual results to differ materially from those expected by management of ETP can be found in ETP’s public periodic filings with the
SEC, including its Annual Report on Form 10-K. ETP undertakes no obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Investor Relations:
Energy Transfer
Brent Ratliff, Lyndsay Hannah, Helen Ryoo, 214-981-0795
or
Media Relations:
Vicki Granado, Lisa Dillinger, 214-840-5820
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