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

NEW YORK (S&P Global Ratings) Feb. 18, 2025--S&P Global Ratings today assigned its 'BBB' issue-level rating to Dallas-based midstream energy master limited partnership Energy Transfer L.P.'s proposed senior unsecured notes due in 2030, 2035, and 2055. The partnership intends to use net proceeds of the offering to refinance existing debt, repay commercial paper and borrowings under its revolving credit facility, and for general partnership purposes. As of Dec. 31, 2024, it had approximately $2.76 billion of outstanding borrowings under its revolving credit facility (not rated). Dallas-based Energy Transfer is one of the largest midstream energy partnerships in the U.S. with a strategic footprint in all of the major U.S. production basins. The partnership operates diverse assets that include complementary natural

...February 18, 2025 NEW YORK (S&P Global Ratings) Feb. 18, 2025--S&P Global Ratings today assigned its '###' issue-level rating to Dallas-based midstream energy master limited partnership Energy Transfer L.P.'s proposed senior unsecured notes due in 2030, 2035, and 2055. The partnership intends to use net proceeds of the offering to refinance existing debt, repay commercial paper and borrowings under its revolving credit facility, and for general partnership purposes. As of Dec. 31, 2024, it had approximately $2.76 billion of outstanding borrowings under its revolving credit facility (not rated). Dallas-based Energy Transfer is one of the largest midstream energy partnerships in the U.S. with a strategic footprint in all of the major U.S. production basins. 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,...

Ratings Action