Energy Transfer Partners 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred

By: ,

Date Issued   4/18/2018

Shares Issued   18,000,000   Overallotment  2,700,000

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   ETPC   OTC Grey Market   ETPPP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2018

Quarterly Dividend   .461   Annual Dividend   1.844

Securities may be redeemed, at the issuers option, as early as 05/15/2023 for a redemption price of $25/share plus accrued dividends

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On May 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 4.53%.

Dividend Payment Will Likely be a Non Qualified Distribution

Maturity Date   None

 

Company Investor Relations Page for Energy Transfer Partners

Click Here to find the offering Prospectus and Final Pricing Document

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