Energy Transfer Partners 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred
By: Tim McPartland,
Date Issued 4/18/2018
Shares Issued 18,000,000 Overallotment 2,700,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol ETP–C 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
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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