Energy Transfer Partners Announces the Total Consideration for Its Maximum Tender Offer

(PressMethod) - Energy Transfer Partners, L.P. (NYSE: ETP - News) today announced the reference yield and the total consideration for each series of notes subject to its previously announced Maximum Tender Offer, whereby ETP is offering to purchase, under certain conditions, its 9.700% Senior Notes due 2019, 9.000% Senior Notes due 2019, 8.500% Senior Notes due 2014 and 6.000% Senior Notes due 2013. The Maximum Tender Offer is made pursuant to an Offer to Purchase dated January 9, 2012, which sets forth a comprehensive discussion of the terms of the Maximum Tender Offer.
The reference yields were determined today at 2:00 p.m., New York City time. The total consideration for each series of notes is based on the applicable reference yield plus a fixed spread as set forth in the table below. All payments for notes purchased in the Maximum Tender Offer will also include accrued and unpaid interest on the principal amount tendered up to, but not including the settlement date for the Maximum Tender Offer, which is currently expected to be February 7, 2012.

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