Energy Transfer Partners (ETP) Prices 13.5M Offering at $44.57/Unit

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Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has 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. The offering is scheduled to close on July 3, 2012. ETP also granted the underwriters a 30-day option to purchase up to an aggregate of 2,025,000 additional common units.

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