Energy Transfer announces pricing of units offering by certain holders

Energy Transfer LP (NYSE:ET) has announced the pricing of an underwritten public offering of over 38.75M of its common units representing limited partner interests by certain sellers.

The units are being offered at a price to the public of $15.78 each by WTG Midstream and an affiliate of Stonepeak.

The selling unitholders will receive all proceeds from the proposed offering. Energy Transfer (ET) will not sell any common units in the offering and will not receive any proceeds therefrom.

Certain officers and directors of the partnership’s general partner, LE GP, LLC have agreed to purchase 3.04M common units at the price per common unit paid by the underwriter to the selling unitholders. The underwriter will not receive any underwriting discounts or commissions under this offering for sales of common units to the affiliated purchasers.

Barclays is serving as the underwriter for the offering.

Shares of Energy Transfer LP (ET) were down 2.26% on Friday.