Energy Transfer LP priced a $1.75 billion dual-tranche public offering of junior subordinated notes on July 7, 2026. The offering includes $650 million of 6.550% notes and $1.1 billion of 6.700% notes. Settlement is scheduled for July 20, 2026.
The company expects net proceeds of approximately $1.73 billion. These funds will be used to redeem Series H Preferred Units and refinance existing debt. This strategy aims to strengthen the company's capital structure and reduce interest expenses.