Energy Transfer Partners LP - 2011-04-04
Description
Closed a public offering of some 14.3 million common units representing limited partner interests at $50.52 per common unit, which includes around 1.85 million common units purchased pursuant to the full exercise of the underwriters' over-allotment option.
Net proceeds will be used by ETP to pay debt, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.
Morgan Stanley, BofA Merrill Lynch, Citi, Barclays Capital, Credit Suisse, Wells Fargo Securities and J.P. Morgan were joint book-running managers, and RBC Capital Markets, UBS Investment Bank, Madison Williams and Co., Morgan Keegan and Oppenheimer & Co. were co-managers.