Energy Transfer LP Announces Issuance Pricing of H Series Priority Units


Energy transfer LP (“ET”) announced today that its 900,000 shares of 6.500% H-series fixed-rate reset cumulative redeemable perpetual preferred shares (“H-series preferred shares”) have been priced at 900,000 shares at a price of US$1,000.00 per unit, after deducting ET Before underwriting discounts and issuance fees payable, total revenue was US$900 million.

The distribution of H series preferred shares will be paid semiannually on May 15 and November 15 each year starting from November 15, 2021, and will accumulate and accumulate from the original issuance date to (but not including November 15). In 2026, the annual interest rate for the prescribed liquidation priority of USD 1,000.00 is 6.500%. On and after November 15, 2026, the distribution of H-series preferred units will be accumulated as a percentage of the liquidation preference of USD 1,000.00, with an interest rate equal to the five-year U.S. Treasury bond interest rate (as stated in the supplement to the prospectus related to the issuance), Add 5.694% of the annual spread. The H-series preferred units can be redeemed in whole or in part on one or more occasions during any redemption period (as described in the supplement to the prospectus related to the offering). The redemption price is USD 1,000.00 for each H-series preferred unit, plus The above equals the amount of all accumulated and unpaid distributions, but does not include the redemption date.

The sale of H-series priority units is expected to be completed on or around June 15, 2021, subject to customary closing conditions.

ET intends to use the net proceeds from this offering to repay certain outstanding debts and for general partnership purposes.

JPMorgan Chase, Mizuho Securities, PNC Capital Markets LLC and Truist Securities acted as joint bookrunners for this offering. If available, a copy of the prospectus supplement and prospectus related to the offering can be obtained by sending a request to the following address:

JPMorgan Chase Securities Co., Ltd.

383 Madison Avenue, 3road ground

New York, New York 10179

Note: Investment Grade Syndicate Service Desk

Phone: (212) 834-4533

Mizuho Securities America LLC

1271 Avenue of the Americas

New York, New York 10020

Note: Debt Capital Market

Phone: (866) 271-7403

PNC Capital Markets Co., Ltd.

300 Fifth Avenue, 10th floor

Pittsburgh, Pennsylvania 15222

Note: Debt Capital Market

Phone: 1 (855) 881-0697


Reliance Securities

303 Peachtree Street

Atlanta, Georgia 30308

Recipient: Prospectus Department

Phone: (800) 685-4786


You can also obtain these documents for free by visiting EDGAR on the U.S. Securities and Exchange Commission (“SEC”) website at

This press release does not constitute an offer to sell or an invitation to buy the securities described herein, nor may it be sold in any state or jurisdiction where such an offer, invitation, or sale was previously illegal. Register or qualify under the securities laws of any such jurisdiction. The issuance can only be conducted through a prospectus and related supplementary documents that meet the requirements of Section 10 of the Securities Act of 1933 as amended. The issuance will be conducted in accordance with the valid shelf registration statement and prospectus previously submitted by ET to the SEC.

Energy transfer LP Owns and operates one of the largest and most diversified energy asset portfolios in the United States. It is strategically positioned in all major production basins in the United States, and its core business includes complementary midstream, intrastate and interstate transportation and storage assets for natural gas; crude oil, liquefied natural gas (NGL) and refined oil transportation and terminal assets; NGL fractionation; and various Acquisition and marketing of assets. Energy Transfer LP also owns Lake Charles LNG, as well as limited partner equity and publicly traded main limited partnership Sunoco LP (New York Stock Exchange stock code:sun) And USA Compression Partners, LP (NYSE:U.S. Air Force).

Statements regarding this offering may be forward-looking statements as defined by federal law. Forward-looking statements can be passed such as “expects”, “believes”, “intends”, “projects”, “plans”, “anticipates”, “continues”, “estimates”, “targets”, “forecasts”, “maybe” , “Will” and similar expressions. These forward-looking statements rely on many assumptions about future events and are subject to many uncertainties and factors, many of which are beyond the control of ET, and may cause the results to differ from the expected results. Different risks are managed by ET. Important information about issues that may cause actual results to be materially different from those expected by ET management can be found in the public periodic documents submitted by ET to the US Securities and Exchange Commission, including its 10 Annual report on Form -K and quarterly report on Form 10-Q. ET assumes no obligation to update or revise forward-looking statements to reflect changing assumptions, occurrence of unexpected events, or changes in future business performance.


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