Energy Transfer LP Announces $4B Senior Notes Pricing
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer LP has announced the pricing of its $4B aggregate principal amount of senior notes due between 2026 and 2033. The sale is expected to settle on October 13, 2023. The company intends to use the net proceeds of approximately $3.973 billion to refinance existing indebtedness and for general partnership purposes.
October 11, 2023 | 6:20 am
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Energy Transfer's announcement of $4B senior notes pricing could potentially help the company refinance its existing debt, which may improve its financial stability.
The announcement of the pricing of $4B senior notes by Energy Transfer indicates the company's strategy to refinance its existing debt. This could potentially improve the company's financial stability and creditworthiness, which may positively impact the company's stock in the short term.
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