WASHINGTON (dpa-AFX) - Energy Transfer Partners, L.P. (ETP) said Wednesday that it has commenced a public offering of 13.5 million common units representing limited partner interests, with a 30-day option for the underwriters to purchase up to an additional 2.025 million common units.
Net proceeds from the offering will be used by Energy Transfer Partners to repay amounts outstanding under its amended and restated revolving credit facility, to fund capital expenditures related to pipeline construction projects and for general partnership purposes.
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