Energy Transfer Operating LP 7.60% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued  4/17/2019

Shares Issued   28,000,000  Overallotment  4,200,000

S&P Rating   BB   Moodys Rating  Ba2

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Security Ticker Symbol   ETP-E   OTC Grey Market   ETPEP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2019

Quarterly Dividend   .475   Annual Dividend   1.90

Securities may be redeemed, at the issuers option, as early as 05/15/2024 for a redemption price of $25/share plus accrued dividends

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On 5/15/2024 the coupon will begin to float at a rate of 3 month Libor and a spread of 5.161%.

Dividend Payment will be a Non Qualified Distribution

Maturity Date   None

Click Here to find the offering Prospectus and Final Pricing Document

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