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ETE To Launch Credit Facility In Connection With Southern Union Deal

 
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February 17, 2012

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Energy Transfer Equity LP (NYSE: ETE) announced the syndication of a new senior secured credit facility of up to $2.3 billion to help fund a portion of its acquisition of Southern Union Co. (NYSE: SUG). These proceeds, combined with Southern Union's contribution of its 50% interest in Citrus Corp. to Energy Transfer Partners LP (NYSE: ETP) for $2 billion will fund the $3.7 billion cash portion of the $9.4 billion purchase. This credit facility is expected to close in Q1 2012, in conjunction with the closing of the Southern Union ...

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