Energy Transfer sets Monday lender call for $2.2 billion repricing

By Paul A. Harris

Portland, Ore., Jan. 20 – Energy Transfer Equity plans to participate in a lender call at 2 p.m. ET on Monday to roll out a $2.2 billion seven-year first-lien term loan (Ba2/BB), according to a market source.

Credit Suisse is leading the deal which is talked at Libor plus 250 to 275 basis points atop a 0% Libor floor at 99.5, with 101 soft call protection for six months.

Commitments are due on at 5 p.m. ET on Friday.

The Dallas-based midstream oil and gas company plans to use the proceeds to refinance existing term loans.

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