> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Energy Transfer Sets Rates From 5.450% To 6.550% On $2.7 Billion Refinancing - URL: https://www.bullished.co/energy-transfer-sets-rates-from-5-450-to-6-550-on-2-7-billion-refinancing-35a3cbe1/ - Published: 2026-11-06T21:35:51.000Z - Updated: 2026-11-06T21:35:51.000Z - Description: The partnership expects approximately $2.68 billion before offering expenses to repay existing debt and fund general partnership purposes. - Author: Matteo Parrino - Tags: SEC Filings, ET, Industry: Energy [Energy Transfer](https://www.bullished.co/tag/et/), which operates pipelines, storage facilities and energy terminals, priced [$2.7 billion](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483d8k.htm?ref=bullished.co) of senior notes Thursday, with interest rates ranging from 5.450% to 6.550%. The partnership intends to repay existing borrowings with the proceeds, alongside funding general partnership purposes, according to its Friday SEC filing. ## Equal Borrowing Across Three Maturities The debt sale puts $900 million into each of three maturities, spreading repayment dates across 2032, 2037 and 2057\. Energy Transfer's [pricing announcement](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483dex991.htm?ref=bullished.co) sets out the terms: - The 2032 notes carry a [5.450% interest rate](https://www.businesswire.com/news/home/20261105001445/en/Energy-Transfer-LP-Announces-Pricing-of-%242.7-Billion-of-Senior-Notes?ref=bullished.co) and were priced at 99.972% of face value. - The 2037 notes carry a 5.900% interest rate and were priced at 99.719% of face value. - The 2057 notes carry a 6.550% interest rate and were priced at 99.862% of face value. Each series is being sold below face value, with the highest interest rate attached to the latest maturity. Energy Transfer expects [approximately $2.68 billion in net proceeds](https://www.businesswire.com/news/home/20261105001445/en/Energy-Transfer-LP-Announces-Pricing-of-%242.7-Billion-of-Senior-Notes?ref=bullished.co) before offering expenses. ## Credit Lines And Commercial Paper The intended repayments include commercial paper—short-term debt—and borrowings on Energy Transfer's revolving credit facility, a credit line the partnership can draw on repeatedly. Barclays, Deutsche Bank Securities, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities are leading the offering. Their affiliates are also [credit-line lenders](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483d8k.htm?ref=bullished.co) to Energy Transfer and may receive some of the proceeds through repayments. Certain underwriters or their affiliates also act as dealers for its commercial-paper program. They may receive proceeds from repayment of that debt where they hold Energy Transfer's commercial paper. ## A Nationwide Pipeline Business Energy Transfer's network includes approximately [140,000 pipeline miles](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483dex991.htm?ref=bullished.co) and associated infrastructure across 44 states, with assets in all major U.S. production basins. The business moves natural gas, crude oil, natural gas liquids and refined fuels. Utilities, power generators, industrial users, producers, refiners and marketers are among its customers; transportation, storage and processing fees, together with commodity sales, account for most of its revenue. Energy Transfer also holds interests in Sunoco, a motor-fuel distributor, and USA Compression Partners, a compression-services provider. Energy Transfer expects the note sale to settle on November 20, 2026; the offering has been priced, with settlement still pending. Learn - [Item 1.01: entry into a material agreement →](https://www.bullished.co/learn/8-k-items-explained/#item-101-entry-into-a-material-agreement) From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples ### Sources - [8-K Filing — Energy Transfer LP (ET)](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483d8k.htm?ref=bullished.co) — SEC EDGAR - [Exhibit d192483dex991.htm — Energy Transfer LP 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001276187/000119312526451885/d192483dex991.htm?ref=bullished.co) — SEC EDGAR - [Energy Transfer LP Announces Pricing of $2.7 Billion of Senior Notes](https://www.businesswire.com/news/home/20261105001445/en/Energy-Transfer-LP-Announces-Pricing-of-%242.7-Billion-of-Senior-Notes?ref=bullished.co) — businesswire.com ### More on Energy Transfer - [Energy Transfer Books $536 Million In Legal Accruals, Up From $324 Million At Year-End](https://www.bullished.co/energy-transfer-books-536-million-in-legal-accruals-up-from-324-million-at-year-end-711e7caa/) - [Energy Transfer Lifts 2026 Adjusted EBITDA Outlook To $19.7 Billion-$19.9 Billion After 31% Quarterly Jump](https://www.bullished.co/energy-transfer-lifts-2026-adjusted-ebitda-outlook-to-19-7-billion-19-9-billion-after-31-60478130/) [All Energy Transfer (ET) coverage →](https://www.bullished.co/tag/et/)