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Energy Transfer Partners to sell $550 million senior notes
By Paul A. Harris
St. Louis, Jan. 12 - Energy Transfer Partners said it intends to sell $550 million of unsecured Rule 144A/Regulation S senior notes.
Proceeds, in conjunction with funds from a new $700 million revolving credit facility and cash on hand, will be used to refinance substantially all outstanding debt under the existing secured credit facilities of La Grange Acquisition LP.
No timing or bookrunners were disclosed in a company press release, and the company did not return a telephone call from Prospect News.
Energy Transfer Partners is a Dallas-based midstream natural gas company.
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