Credit Suisse Agents Energy Transfer Equity Facility
Energy Transfer Equity announced it launched the syndication of a new senior secured term loan credit facility. Credit Suisse acted as administrative agent.
In conjunction with the new term loan facility and tender offer, the partnership is also finalizing a new five-year revolving credit facility for up to $600 million.
Energy Transfer Equity is a master limited partnership that owns the general partner and 100% of the incentive distribution rights of Energy Transfer Partners L.P., approximately 49.6 million ETP common units, and approximately 50.2 million ETP Class H Units, which track 50% of the underlying economics of the general partner interest and the IDRs of Sunoco Logistics Partners L.P. Energy Transfer Partners L.P. is a master limited partnership owning and operating a diversified portfolio of energy assets in the U.S. Regency Energy Partners is a midstream energy partnership engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids.