Energy Transfer completes acquisition of Crestwood Equity Partners LP

Energy Transfer LP

Crestwood common unitholders received 2.07 Energy Transfer common units per Crestwood unit.
Energy Transfer issued 41,464,187 Series I Preferred Units (ETprI) to holders of Crestwood preferred units.
Energy Transfer assumed approximately $2.85 billion aggregate principal of senior notes under five indentures.
Transaction is immediately accretive to distributable cash flow per unit for Energy Transfer.
Expected initial annual run-rate cost and efficiency synergies of at least $40 million.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Energy Transfer LP: Adopted Amendment No. 10 to the Third Amended and Restated Agreement of Limited Partnership to establish Series I Preferred Units with specific distribution, conversion, and voting rights, and amended and restated the partnership agreement in its entirety as the Fourth Amended and Restated Partnersh (effective 2023-11-03).

Change: charter amendment
Effective: 2023-11-03

Exact text from the filing

executed Amendment No. 10 (the “ LPA Amendment ”) to the Third Amended and Restated Agreement of Limited Partnership of Energy Transfer, dated as of February 8, 2006 (the “ Third Amended and Restated Partnership Agreement ”).

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Energy Transfer LP filing history →

Source: SEC EDGAR

accession 0001193125-23-270805

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