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

July 3, 2012 1:36 PM EDT
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Equity Offerings

Add Your Comment