ETP Prices Public Offering of Common Units
Energy Transfer Partners has priced a public offering of 8,500,000 common units representing limited partner interests at $44.72 per common unit. 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. The offering is scheduled to close January 11, 2010. ETP also granted the underwriters a 30-day option to purchase up to an aggregate of 1,275,000 additional common units.
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