Latham & Watkins Advises Energy Transfer LP on its Series H Preferred Unit Offering

A Houston-based team advises the energy company in the offering.

June 22, 2021

Energy Transfer LP (ET) has announced it has priced an underwritten public offering of 900,000 of its 6.5% Series H Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units at a price of US$1,000 per unit, resulting in total proceeds of US$900 million, before deducting underwriting discounts and offering expenses payable by ET.

Latham & Watkins LLP represents Energy Transfer LP in the offering with a corporate deal team led by Houston partners Kevin Richardson and Bill Finnegan, with associates Dan Harrist, Kate Wang, and Austin Johnson. Advice was also provided on tax matters by Houston partners Tim Fenn and Bryant Lee, with associates Mike Rowe and Marianne Standley; and on environmental matters by Houston partner Joel Mack and Los Angeles Counsel Josh Marnitz.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.