Energy Transfer Operating’s $1.6 Billion Perpetual Preferred Units Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with the offering of $1.6 billion of preferred units was comprised of 500,000 of ETO’s 6.750% Series F Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference $1,000 per unit, and 1,100,000 of ETO’s 7.125% Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference $1,000 per unit.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., Natixis Securities Americas LLC and TD Securities (USA) LLC acted as joint book-running.

Energy Transfer Operating, L.P. owns and operates one of the largest and most diversified portfolios of energy assets in the United States.

The Hunton Andrews Kurth team was led by Jordan Hirsch (Picture), and included Mike O’Leary, Chris Adcock, Erin Juvenal, Michael Wright, Hannah Fred and Casey Shaw. Other attorneys included Rob Taylor, Shemin Proctor, Lisa Shelton, Robert McNamara, Tim Strother, and O’Banion Williams.

Involved fees earner: Christopher Adcock – Hunton Andrew Kurth; Hannah Fred – Hunton Andrew Kurth; Jordan Hirsch – Hunton Andrew Kurth; Erin Juvenal – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Lisa Montgomery Shelton – Hunton Andrew Kurth; Michael O’Leary – Hunton Andrew Kurth; Shemin Proctor – Hunton Andrew Kurth; Casey Shaw – Hunton Andrew Kurth; Tim Strother – Hunton Andrew Kurth; Roberts Taylor Jr. – Hunton Andrew Kurth; O’Banion Williams III – Hunton Andrew Kurth; Michael Wright – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Citigroup Global Markets Ltd; Deutsche Bank Securities; MUFG Securities Americas Inc. ; Natixis Securities Americas; TD Securities;