Energy Transfer L.P.'s Senior Notes Rated 'BBB'

NEW YORK (S&P Global Ratings) Oct. 10, 2023--S&P Global Ratings today assigned its 'BBB' issue-level rating to the following senior unsecured notes issued by Energy Transfer L.P.: Senior notes due 2026, Senior notes due 2028, Senior notes due 2030, and Senior notes due 2033. The partnership intends to use net proceeds of the offering to refinance existing debt and for general partnership purposes. As of June 30, 2023, it had approximately $2.61 billion of outstanding borrowings under its revolving credit facility (unrated). Dallas-based Energy Transfer is one of the largest midstream energy partnerships in the U.S. with a strategic footprint in every major domestic production basin. The partnership operates diverse assets that include complementary natural gas midstream, intrastate, and interstate

...October 10, 2023 NEW YORK (S&P Global Ratings) Oct. 10, 2023--S&P Global Ratings today assigned its '###' issue-level rating to the following senior unsecured notes issued by Energy Transfer L.P.: - Senior notes due 2026, - Senior notes due 2028, - Senior notes due 2030, and - Senior notes due 2033. The partnership intends to use net proceeds of the offering to refinance existing debt and for general partnership purposes. As of June 30, 2023, it had approximately $2.61 billion of outstanding borrowings under its revolving credit facility (unrated). Dallas-based Energy Transfer is one of the largest midstream energy partnerships in the U.S. with a strategic footprint in every major domestic production basin. The partnership operates diverse assets that include complementary natural gas midstream, intrastate, and interstate transportation and storage; crude oil, natural gas liquids (NGLs), and refined product transportation and terminalling; and NGL storage and fractionation. The partnership...

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