Energy Transfer Operating LP 7.60% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
By: Tim McPartland,
Date Issued 4/17/2019
Shares Issued 28,000,000 Overallotment 4,200,000
S&P Rating BB Moodys Rating Ba2
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
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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