---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-178992"
form_type: "8-K"
ticker: "ET"
cik: "0001276187"
company_name: "Energy Transfer LP"
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:17:57.603311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Energy Transfer LP prices $2.0B junior subordinated notes at 6.5%/6.75% due 2056

## Summary
- Issues $1.2B Series 2025A notes at 6.5% and $800M Series 2025B notes at 6.75%, both due 2056.
- Net proceeds of ~$1.98B to repay revolving credit facility and for general partnership purposes.
- Offering expected to close August 25, 2025; J.P. Morgan, PNC, TD, Truist, Wells Fargo lead underwriting.
- Notes priced at par (100% of face value) and are junior subordinated obligations.

## SEC filing metadata
- accession: 0001193125-25-178992
- form_type: 8-K
- ticker: ET
- cik: 0001276187
- company_name: Energy Transfer LP
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1276187/000119312525178992/0001193125-25-178992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1276187/000119312525178992/d939035d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-178992
- JSON: https://secwatch.observer/filing/0001193125-25-178992.json
- Plain text: https://secwatch.observer/filing/0001193125-25-178992.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.