05:02 AM EDT, 08/12/2025 (MT Newswires) -- Energy Transfer ( ET ) said late Monday it priced its offering of $1.2 billion of series 2025A junior subordinated notes due 2056 and $800 million of series 2025B junior subordinated notes due 2056 at 100% of their face value.

The series 2025A notes will initially bear interest at 6.5% per annum and the series 2025B notes at 6.75% per annum.

The company said it plans to use the net proceeds of about $1.98 billion to repay borrowings under its revolving credit facility, among other things.

Settlement is expected Aug. 25.