Energy Transfer prices $2.7 billion senior notes offering
ET•Energy Transfer priced a $2.7 billion senior notes offering in three $900 million tranches due in 2032, 2037 and 2057. Net proceeds of approximately $2.68 billion before expenses are expected to fund refinancing and general partnership purposes.
1. Offering details
The 2032 notes carry a 5.45% coupon and were priced at 99.972% of face value; the 2037 notes carry a 5.9% coupon and were priced at 99.719%. The 2057 notes carry a 6.55% coupon and were priced at 99.862%.
2. Expected settlement
Settlement is expected on November 20, 2026. Net proceeds of approximately $2.68 billion before expenses will fund refinancing and general partnership purposes.
