Energy Transfer LP Completes $2B Junior Subordinated Notes Offering

Summary

Energy Transfer LP has completed its previously announced underwritten public offering of $1.2 billion aggregate principal amount of Series 2025A Junior Subordinated Notes and $800 million aggregate principal amount of Series 2025B Junior Subordinated Notes due 2056. The notes were issued under an indenture and the related supplemental indentures, with the legal opinion included as Exhibit 5.1. The offering was registered under the Securities Act of 1933.