Energy Transfer Raises $1.5B

Energy Transfer Partners has sold senior unsecured notes worth $1.5 billion. The $800 million notes, sold in the first tranche, carry a coupon rate of 4.65% and are scheduled to mature on June 1, 2021.

The $700 million notes sold in the second tranche carry a coupon rate of 6.05% and are due to mature on June 1, 2041. The pipeline operatorappointed Credit Suisse, RBS and SunTrust Robinson Humphrey as the active joint bookrunning managers for the transaction.

Click here for the release from Business Wire.