Energy Transfer Partners Announces Pricing of $1.5 Billion of Senior Notes

  Energy Transfer Partners Announces Pricing of $1.5 Billion of Senior Notes

Business Wire

DALLAS -- September 12, 2013

Energy Transfer Partners, L.P. (NYSE:ETP) today announced the pricing of $700
million aggregate principal amount of its 4.15% senior notes due 2020, $350
million aggregate principal amount of its 4.90% senior notes due 2024 and $450
million aggregate principal amount of its 5.95% senior notes due 2043, at a
price to the public of 99.829%, 99.181% and 97.647%, respectively, of their
face value. The sale of the senior notes is expected to settle on September
19, 2013, subject to customary closing conditions. ETP intends to use the net
proceeds of approximately $1.49 billion from this offering to repay $455
million of borrowings outstanding under the term loan of Panhandle’s wholly
owned subsidiary, Trunkline LNG Holdings, LLC, to repay borrowings outstanding
under ETP’s revolving credit facility and for general partnership purposes.

Credit Suisse Securities (USA) LLC, J. P. Morgan Securities LLC, Citigroup
Global Markets Inc. and UBS Securities LLC are acting as joint book-running
managers for the offering. The offering is being made by means of a prospectus
and related prospectus supplement, copies of which may be obtained from the
following addresses:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Telephone: (800) 221-1037

J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
Attention: Investment Grade Syndicate
Desk, 3^rd Floor
Telephone: (212) 834-4533

Citigroup
c/o Broadridge Financial Solutions
Brooklyn Army Terminal
Brooklyn, New York 11220
batprospectusdept@citi.com
Telephone: (877) 858-5407

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, New York 10171
Telephone: (888) 827-7275

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 33,000 miles of gathering and transportation
pipelines, treating and processing assets, and storage facilities. ETP owns
100% of ETP Holdco Corporation, which owns Southern Union Company and Sunoco,
Inc., and a 70% interest in Lone Star NGL LLC, a joint venture that owns and
operates natural gas liquids storage, fractionation and transportation assets.
ETP also owns the general partner interests, 100% of the incentive
distribution rights, and approximately 33.5 million common units 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’s general partner is owned by Energy
Transfer Equity (NYSE: ETE).

Statements about the offering may be forward-looking statements.
Forward-looking statements can be identified by words such as “anticipates,”
“believes,” “intends,” “projects,” “plans,” “expects,” “continues,”
“estimates,” “goals,” “forecasts,” “may,” “will” 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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