Energy Transfer prices $1.75B junior subordinated notes offering

Energy Transfer LP

Priced $650M Series 2026A notes at 6.550% and $1.1B Series 2026B notes at 6.700%, both due 2057.
Net proceeds of ~$1.7325B to redeem all outstanding 6.500% Series H Preferred Units (redeemable from Aug 15, 2026), refinance debt, and for general purposes.
Offering expected to close July 20, 2026; underwriters include Citigroup, JPMorgan, PNC, TD Securities, Truist.
Affiliates of underwriters may receive portion of proceeds through repayment of credit facility or commercial paper.

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