OREANDA-NEWS. November 25, 2013. Energy Transfer Equity, L.P. (NYSE: ETE) tannounced its intention, subject to market conditions, to offer USD400 million of senior notes due January 2024 in a public offering. ETE intends to use the net proceeds from this offering, together with the net proceeds from its new term loan credit facility, to fund its previously announced tender offer (the “Tender Offer”) to purchase for cash up to an aggregate of USD 400 million principal amount of its outstanding 7.500% Senior Notes due 2020 (the “2020 Notes”) from registered holders of the 2020 Notes, including any related fees, expenses and accrued interest.

To the extent the net proceeds from the offering of senior notes exceeds the purchase price for the amount of 2020 Notes tendered in the Tender Offer and the related fees, expenses and accrued interest, ETE intends to use the balance of the proceeds for general partnership purposes.
Credit Suisse, Deutsche Bank Securities, Citigroup and Goldman, Sachs & Co. are acting as joint global coordinators and joint book-running managers for the offering.

In addition, Barclays Capital, BofA Merrill Lynch, Mitsubishi UFJ Securities, Mizuho Securities, Morgan Stanley, RBC Capital Markets, RBS and UBS Investment Bank are joint book-running managers. A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained from the following addresses: