other material
confidence high
sentiment neutral
materiality 0.55
Energy Transfer prices 38.8M common unit secondary at $15.78/unit
Energy Transfer LP
- Selling unitholders (WTG Midstream LLC and Stonepeak affiliate) sell 38,755,996 common units at $15.78/unit.
- Closing expected August 12, 2024; Energy Transfer receives no proceeds from the offering.
- Officers and directors will purchase 3,040,000 units at same price; underwriter fee waived on those sales.
- Barclays serves as sole underwriter; 30-day lock-up applies to selling unitholders and certain insiders.