Reported Earlier, Energy Transfer LP Prices $3.5B Senior Notes And $400M Of Fixed-To-Fixed Reset Rate Junior Subordinated Notes
Portfolio Pulse from Benzinga Newsdesk
Energy Transfer LP (NYSE:ET) has announced the pricing of $3.5 billion in senior notes and $400 million in fixed-to-fixed reset rate junior subordinated notes. The senior notes include $1 billion of 5.250% notes due 2029, $1.25 billion of 5.600% notes due 2034, and $1.25 billion of 6.050% notes due 2054. The junior subordinated notes are $400 million of 7.125% notes due 2054.
June 07, 2024 | 6:43 am
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Energy Transfer LP has successfully priced $3.5 billion in senior notes and $400 million in junior subordinated notes, which could improve its liquidity and financial stability.
The successful pricing of these notes indicates strong investor confidence and provides Energy Transfer LP with significant capital. This can enhance the company's liquidity and financial stability, which is likely to have a positive short-term impact on its stock price.
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