• Energy Transfer priced USD 1.75 billion of junior subordinated notes due 2057, split into USD 650 million Series 2026A and USD 1.1 billion Series 2026B.
• Series 2026A to pay 6.55% initially; Series 2026B to pay 6.7% initially; both priced at 100% of face value.
• Settlement expected July 20, 2026.
• Net proceeds of about USD 1.73 billion earmarked to redeem all outstanding 6.5% Series H preferred units, refinance debt, repay commercial paper and revolver borrowings.
• Redemption period for the Series H preferred units starts Aug. 15, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Energy Transfer LP published the original content used to generate this news brief on July 06, 2026, and is solely responsible for the information contained therein.