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

Energy Transfer Partners, L.P.

announced the pricing of $800 million aggregate principal amount of its 4.65% senior notes due 2021 and $700 million aggregate principal amount of its 6.05% senior notes due 2041. The sale of the notes is expected to settle on May 12, 2011, subject to customary closing conditions. ETP intends to use the net proceeds of approximately $1.484 billion from this offering to repay amounts outstanding under its revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.