secwatch.observer — SEC 8-K summary
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Issuer:     Energy Transfer LP (ET)
CIK:        0001276187
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001276187-24-000052
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276187/000127618724000052/0001276187-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276187/000127618724000052/et-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001276187-24-000052

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