04:15 AM EDT, 06/07/2024 (MT Newswires) -- Energy Transfer ( ET ) said late Thursday it priced concurrent offerings of $3.5 billion worth of senior notes and $400 million of fixed-to-fixed reset rate junior subordinated notes.

The company priced $1 billion of 5.25% senior notes due 2029, $1.25 billion of 5.6% senior notes due 2034, $1.25 billion of 6.05% senior notes due 2054 and $400 million of 7.125% fixed-to-fixed reset rate junior subordinated notes due 2054 at a price of 99.797%, 99.741%, 99.461% and 100%, respectively, of their face value.

The sale of the notes is expected to settle on June 21.

The company said it plans to use net proceeds of about $3.46 billion from the senior notes offering and $396 million from the junior notes offering to fund the cash consideration for its acquisition of WTG Midstream Holdings, to refinance existing indebtedness and for general partnership purposes.