Energy Transfer prices $3.5B senior notes & $400M junior sub notes to fund WTG acquisition, redeem Series A preferreds

Energy Transfer LP

$1.0B 5.250% notes due 2029, $1.25B 5.600% due 2034, $1.25B 6.050% due 2054; $400M 7.125% junior sub notes due 2054.
Net proceeds ~$3.463B (senior) + $396M (junior) to fund WTG Midstream acquisition, refinance debt, and redeem Series A preferreds.
Redeems all Series A preferred units at $1,009.87899/unit (including unpaid distributions) on June 21, 2024.
Offerings expected to close June 21, 2024; underwriters include Barclays, J.P. Morgan, MUFG, TD Securities, Wells Fargo.

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