Gabriel Moreen

Jean Ann Salisbury

Jeremy Tonet

Keith Stanley

Manav Gupta

Michael Blum

Theresa Chen

John Mackay

Spiro Dounis

Zackery Van Everen

Zack Van Everen

- Energy Transfer LP completed an underwritten public offering on **August 25, 2025**, issuing **$2,000,000,000** in aggregate principal amount of junior subordinated notes.  **[1276187_0001193125-25-187673_d84594d8k.htm:1]** **[1276187_0001193125-25-187673_d84594dex51.htm:1]** 
- The offering included **$1,200,000,000** of Series 2025A Notes and **$800,000,000** of Series 2025B Notes, both maturing on **February 15, 2056**.  **[1276187_0001193125-25-187673_d84594d8k.htm:1]** **[1276187_0001193125-25-187673_d84594dex43.htm:7]** **[1276187_0001193125-25-187673_d84594dex42.htm:7]** 
- The Series 2025A Notes bear interest at **6.500%** per annum, and the Series 2025B Notes bear interest at **6.750%** per annum, both until **February 15, 2031**.  **[1276187_0001193125-25-187673_d84594dex43.htm:7]** **[1276187_0001193125-25-187673_d84594dex42.htm:7]**

Energy Transfer LP Completes **$2.0 Billion** Junior Subordinated Notes Offering

Energy Transfer (ET)