NYSE:ETOil and Gas
Does Energy Transfer's (ET) $2 Billion Debt Offering Signal a Shift in Capital Structure Strategy?
Earlier this month, Energy Transfer LP completed a sizeable multi-tranche fixed-income offering, issuing US$1.2 billion of Series 2025A and US$800 million of Series 2025B junior subordinated notes, both maturing in 2056 and issued at face value with initial annual interest rates of 6.5% and 6.75% respectively.
This financing, coordinated with a large syndicate of underwriting banks, is expected to repay borrowings under Energy Transfer’s revolving credit facility and may impact the company’s...