Energy Transfer LP Announces Pricing of $4.0 Billion of Senior Notes

Energy Transfer LP (NYSE: ET) today announced the pricing of its $1.0 billion aggregate principal amount of 6.050% senior notes due 2026, $500 million aggregate principal amount of 6.100% senior notes due 2028, $1.0 billion aggregate principal amount of 6.400% senior notes due 2030 and $1.5 billion aggregate principal amount of 6.550% senior notes due 2033 at a price to the public of 99.941%, 99.887%, 99.885% and 99.886%, respectively, of their face value.

The sale of the senior notes is expected to settle on October 13, 2023, subject to the satisfaction of customary closing conditions. Energy Transfer intends to use the net proceeds of approximately $3.973 billion (before offering expenses) from this offering to refinance existing indebtedness, including borrowings under our revolving credit facility and for general partnership purposes.

Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering.

The offering of the senior notes is being made pursuant to an effective shelf registration statement and prospectus filed by Energy Transfer with the Securities and Exchange Commission (“SEC”). The offering of the senior notes may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended, copies of which may be obtained from the following addresses:

Mizuho Securities USA LLC 1271 Avenue of the Americas New York, NY 10020 Attention: Debt Capital Markets Desk Telephone: [phone]		Morgan Stanley & Co. LLC 1585 Broadway, 29th Floor New York, New York 10036 Attention: Investment Banking Division Telephone: [phone]
MUFG Securities Americas Inc. 1221 Avenue of the Americas, 6th Floor New York, New York 10020 Attention: Capital Markets Group Telephone: [phone]		SMBC Nikko Securities America, Inc. 277 Park Avenue New York, New York 10172 Attention: Debt Capital Markets