Energy Transfer Partners LP - 2012-06-28
Description
Priced a public offering of 13,500,000 common units representing limited partner interests at $44.57 per common unit. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its amended and restated revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes. BofA Merrill Lynch, Barclays, Morgan Stanley, UBS Investment Bank, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan, and Wells Fargo Securities are acting as joint book-running managers. Raymond James and RBC Capital Markets are acting as senior co-managers and Stifel Nicolaus Weisel and Simmons & Company International are acting as junior co-managers.