Energy Transfer Partners (ETP) Closes 15.5M Offering; Full Overallotment Exercised

Article Stock Quotes (1) Comments (0)

Energy Transfer Partners, L.P. (NYSE: ETP) reports that its previously announced public offering of 15,525,000 common units representing limited partner interests at $44.57 per common unit, which includes 2,025,000 common units purchased pursuant to the full exercise of the underwriters’ option to purchase additional common units, has closed. 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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Kodak (EKDKQ) Asks Court to Approve $406M Rights Offering on Bankruptcy Emergence
• Amarin (AMRN) Vascepa sNDA Set for Oct. 16, 2013, According to FDA
• New Mountain Finance (NMFC) Prices Aggregate 6M Common Offering

Create E-mail Alert Related Categories

Corporate News, Equity Offerings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?