Energy Transfer Partners Announces Closing of Common Unit Offering and Exercise of Over-Allotment Option

Energy Transfer Partners, L.P. ETP announced today that its previously announced public offering of 14,202,500 common units representing limited partner interests at $50.52 per common unit, which includes 1,852,500 common units purchased pursuant to the full exercise of the underwriters' over-allotment option, has closed. Net proceeds from the offering will be used by ETP to repay amounts outstanding under its revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.