Energy Transfer Partners Announces Pricing of $1.25 Billion of Senior Notes

  Energy Transfer Partners Announces Pricing of $1.25 Billion of Senior Notes

Business Wire

DALLAS -- January 14, 2013

Energy Transfer Partners, L.P. (NYSE:ETP) today announced the pricing of $800
million aggregate principal amount of its 3.60% senior notes due 2023 and $450
million aggregate principal amount of its 5.15% senior notes due 2043. The
sale of the senior notes is expected to settle on January 22, 2013, subject to
customary closing conditions. ETP intends to use the net proceeds of
approximately $1.24 billion from this offering to repay borrowings outstanding
under its revolving credit facility and for general partnership purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Robinson
Humphrey, Inc., Wells Fargo Securities, LLC, Credit Suisse Securities (USA)
LLC, Goldman, Sachs & Co., U.S. Bancorp Investments, Inc. and RBC Capital
Markets, LLC are acting as joint book-running managers for the offering. In
addition, DNB Markets, Inc., Mitsubishi UFJ Securities (USA), Inc., PNC
Capital Markets LLC and UBS Securities LLC are acting as co-managers.

The offering is being made by means of a prospectus and related prospectus
supplement, copies of which may be obtained by contacting Merrill Lynch,
Pierce, Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New York, New
York 10038, Telephone: 1-800-294-1322, SunTrust Robinson Humphrey, Inc. at
3333 Peachtree Road, 11th Floor, Atlanta, Georgia 30326, Attn: Investment
Grade Debt Capital Markets, Telephone: 1-800-685-4786 and Wells Fargo
Securities, LLC at 1525 West W.T. Harris Blvd., NC0675 Charlotte, North
Carolina 28262, Attn: Capital Markets Client Support, Telephone:
1-800-326-5897, Email: cmclientsupport@wellsfargo.com. You may also obtain
these documents for free when they are available by visiting EDGAR on the SEC
web site at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering 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. The
offering is made pursuant to an effective shelf registration statement and
prospectus filed by ETP with the SEC.

Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership
owning and operating one of the largest and most diversified portfolios of
energy assets in the United States. ETP currently has natural gas operations
that include approximately 24,000 miles of gathering and transportation
pipelines, treating and processing assets, and storage facilities. ETP also
owns general partner interests, 100% of the incentive distribution rights, and
a 32.4% limited partnership interest in Sunoco Logistics Partners L.P.
(NYSE:SXL), which operates a geographically diverse portfolio of crude oil and
refined products pipelines, terminalling and crude oil acquisition and
marketing assets. ETP also holds a 70% interest in Lone Star NGL, a joint
venture that owns and operates natural gas liquids storage, fractionation and
transportation assets in Texas, Louisiana and Mississippi. In addition, ETP
holds a 40% equity interest and a 60% controlling voting interest in a
corporation (ETP Holdco Corporation) that owns Southern Union Company and
Sunoco, Inc. ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE:ETE).

Statements about the offering may be forward-looking statements.
Forward-looking statements can be identified by words such as “anticipates,”
“believes,” “expects,” “estimates,” “forecasts,” “projects,” “should” and
other similar expressions. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
uncertainties and factors, many of which are outside the control of ETP, and a
variety of risks that could cause results to differ materially from those
expected by management of ETP. Important information about issues that could
cause actual results to differ materially from those expected by management of
ETP can be found in ETP’s public periodic filings with the SEC, including its
Annual Report on Form 10-K and most recently filed Quarterly Reports on Form
10-Q. ETP undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results over time.

Contact:

Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
214-498-9272 (cell)
 
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