Energy Transfer LP’s $765 Million Shares Offering

Hunton Andrews Kurth advised the underwriters on the deal.

Energy Transfer LP announced the $765 million Secondary Public Offering by CenterPoint Energy Midstream, Inc. of up to 100,000,000 Common Units representing limited partner interests of Energy Transfer LP (“ET”). Citigroup, J.P. Morgan and Morgan Stanley acted as joint book-running managers for the offering. ET is not selling any common units in the offering and will not receive any proceeds from the sale of common units in the offering. The offering closed on December 10, 2021.

The underwriters are: Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Cabrera Capital Markets LLC and Loop Capital Markets LLC.

Energy Transfer LP is publicly traded on the NYSE (ET) and engages in the operations such as transportation, storage and terminalling, crude oil, NGLs, refined products, and liquid natural gas. ET serves customers in the United States.

The Hunton Andrews Kurth team was led by partners Mike O’Leary (Picture) and Jordan Hirsch with the assistance of associates Mike Hoffman, Hannah Bradley, Casey Shaw, Kelli Regan and Kathleen Dill. Partner Robert McNamara and associate Tim Strother handled Tax matters, partner Lisa Shelton handled Environmental matters, Shemin V. Proctor handled Regulatory matters, and Harve Truskett handled real property matters.

Involved fees earner: Hannah Bradley – Hunton Andrews Kurth LLP; Kathleen Dill – Hunton Andrews Kurth LLP; Jordan Hirsch – Hunton Andrews Kurth LLP; Michael Hoffman – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Michael O’Leary – Hunton Andrews Kurth LLP; Shemin Proctor – Hunton Andrews Kurth LLP; Kelli Regan – Hunton Andrews Kurth LLP; Casey Shaw – Hunton Andrews Kurth LLP; Lisa Shelton – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP; Harve Truskett – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: Cabrera Capital Markets; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; Loop Capital Markets; Morgan Stanley;

Martina Bellini

Author: Martina Bellini