E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers E > Headlines for Energy Transfer Equity LP > News item
Published on 2/23/2015 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P assigns BB to Energy Transfer term loan

Standard & Poor’s said it assigned its BB issue-level rating and 4 recovery rating to Energy Transfer Equity LP’s $500 million senior secured term loan due 2019.

The partnership intends to use loan proceeds to fund a portion of the Sunoco Logistics Partners LP general partnership/incentive distribution right and Bakken pipeline project exchange, to repay borrowings under its revolving credit facility and for general partnership purposes.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.