secwatch.observer — SEC 8-K summary
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Issuer:     Energy Transfer LP (ET)
CIK:        0001276187
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001193125-24-006631
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy Transfer prices $3B senior notes and $800M junior sub notes; to redeem Series C and D preferred units
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- Priced $1.25B 5.550% senior notes due 2034 at 99.660% and $1.75B 5.950% senior notes due 2054 at 99.523%.
- Priced $800M 8.000% fixed-to-fixed reset rate junior subordinated notes due 2054 at 100.000% of face value.
- Net proceeds of ~$2.964B from senior notes and ~$792M from junior sub notes to repay credit facility and redeem preferreds.
- Redeeming Series C preferred units at $25.607454/unit and Series D at $25.619877/unit on Feb 9, 2024; Series E to be redeemed later in May 2024.
- Offerings expected to close January 25, 2024, subject to customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276187/000119312524006631/0001193125-24-006631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276187/000119312524006631/d714749d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-006631

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