Energy Transfer Equity, L.P. Announces Pricing of $580 Million PIPE Financing and Purchase of Common Units of Energy Transfer Partners, L.P.

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE: ETE) today announced that it has entered into definitive agreements with certain accredited investors in connection with a private placement, or PIPE, financing transaction pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. Upon the closing of the transaction, ETE will receive gross proceeds of approximately $580 million in exchange for the issuance to such investors of 32,222,225 common units representing limited partner interests in ETE.