Energy Transfer prices $1.75B subordinated notes to redeem preferred units, refinance debt

Filed July 8, 2026 · Period ending July 6, 2026 · ~1 min read

Key Changes

• high

  Issued $1.75B in junior subordinated notes due 2057 in two series: $650M at 6.550% and $1.1B at 6.700%, both priced at par with settlement expected July 20, 2026.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Will use $1.73B net proceeds to redeem all outstanding Series H Preferred Units (6.500% rate, redeemable starting August 15, 2026), repay commercial paper and revolving credit borrowings, and for general partnership purposes.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Underwriters' affiliates are lenders under the revolving credit facility, may hold Series H Preferred Units being redeemed, and participate in the commercial paper program, creating potential conflicts as they may receive offering proceeds.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →