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Energy Transfer Completes Debt Refinancings

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Business Wire
December 4, 2013

Energy Transfer Equity LP (NYSE: ETE) completed the final steps of its refinancing transactions, which is expected to reduce its current annual interest expense by over $16 million.

The reduced interest expense is expected to increase ETE’s distributable cash flow per unit by $0.06 on an annualized basis.

These related transactions allow ETE to continue to balance its mix of floating and fixed rate debt and retain flexible prepayable debt in its capital structure.

As previously announced, ETE closed on the tender offer to purchase for cash a portion of ...

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