Energy Transfer (ET) priced a $3 billion bond offering, issuing $1 billion each of senior notes due in 2031, 2036, and 2056, with interest rates of 4.55%, 5.35%, and 6.30%, and offering prices of 99.830%, 99.933%, and 99.842% of face value, respectively.
Energy Transfer priced a $3 billion bond offering, issuing $1 billion each of senior notes due in 2031, 2036, and 2056, with interest rates of 4.55%, 5.35%, and 6.30%, respectively.
The offering is expected to settle on January 27, 2026, subject to the satisfaction of customary closing conditions.
Energy Transfer intends to use the net proceeds of around $2.97 billion (before offering expenses) to refinance existing indebtedness, including to repay commercial paper and borrowings under its revolving credit facility, and for general partnership purposes.
BofA Securities, Deutsche Bank Securities, Mizuho, MUFG and SMBC Nikko are acting as joint book-running managers for the senior notes offering.
Source: Press Release