Energy Transfer Equity LP - 2010-09-16

Priced offering of 7.5% senior unsecured notes due 2020 at $1.8 billion to pay debt, terminate interest rate swap agreements, and for general partnership purposes. Credit Suisse, Morgan Stanley, Wells Fargo Securities, BofA Merrill Lynch, Citi and UBS Investment Bank are joint book-running managers. The deal was increased from $1 billion following favorable market conditions. At closing, Energy Transfer will enter a new $200-million revolving credit facility and commitments under the existing $500-million revolving credit facility will be terminated.