United States: Hunton Andrews Kurth Represents Underwriters in Energy Transfer LP’s Public Offerings of $2.5 Billion of Senior Notes

Hunton Andrews Kurth LLP represented the underwriters in connection with Energy Transfer LP's public offering of $1 billion aggregate principal amount of its 5.550% Senior Notes due 2028 and $1.5 billion aggregate principal amount of its 5.750% Senior Notes due 2033. The sale of the senior notes is expected to settle on December 14, 2022, subject to the satisfaction of customary closing conditions. Energy Transfer intends to use the net proceeds of approximately $2.482 billion (before offering expenses) from this offering to repay outstanding indebtedness, and for general partnership purposes. Barclays Capital Inc., BofA Securities, Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

Energy Transfer owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major U.S. production basins.

The Hunton Andrews Kurth team was led by partner Jordan Hirsch with the assistance of corporate partners Mike O'Leary and Henry Havre and corporate associates Hannah Bradley, Casey Shaw, Kelli Rice, Kathleen Dill and Kaitlyn Thorson. Partner Robert McNamara and associate Tim Strother handled tax matters, partner Lisa Shelton handled environmental matters.