ENERGY TRANSFER PARTNERS, L.P. (NYSE:ETP) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
the general partner of Energy Transfer Partners, L.P. (ETP or the
Partnership), adopted Amendment No. 15 (the LPA Amendment) to the
Second Amended and Restated Agreement of Limited Partnership of
Energy Transfer Partners, L.P., dated as of July 28, 2009. The
LPA Amendment provides for the establishment and issuance of
Class K units representing limited partner interests in the
Partnership (the Class K Units) and sets forth the terms and
provisions of the Class K Units, which were issued on December
29, 2016 to indirect subsidiaries of the Partnership, in exchange
for cash contributions and the exchange of outstanding common
units representing limited partner interests in the Partnership.
will not have any rights of redemption or conversion. The Class K
units will be entitled to receive cash distributions on a
quarterly basis equal to 7.50% per annum of the issue price of
the Class K Units. If the Partnership is unable to pay the
distributions to which the holders of Class K Units would
otherwise be entitled, the amount of such accrued and unpaid
distributions will accumulate until paid in full in cash, and the
balance of such accrued and unpaid distributions shall increase
at a rate of 1.5% per annum.
to be complete and is qualified in its entirety by reference to
the LPA Amendment, which is attached hereto as Exhibit 3.1 and is
hereby incorporated by reference into this Item 5.03.
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Exhibit Number
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Description
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3.1
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Amendment No. 15 to the Second Amended and Restated
Agreement of Limited Partnership of Energy Transfer Partners, L.P. dated as of December 29, 2016. |
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About ENERGY TRANSFER PARTNERS, L.P. (NYSE:ETP)
Energy Transfer Partners, L.P. (ETP) is a master limited partnership. The Company is engaged in natural gas operations, including natural gas midstream and intrastate transportation and storage. Its segments include Intrastate Transportation and Storage Segment, which owns and operates approximately 7,500 miles of natural gas transportation pipelines; Interstate Transportation and Storage Segment, which owns and operates approximately 12,300 miles of interstate natural gas pipeline; Midstream Segment, which owns and operates approximately 35,000 miles of in service natural gas; Liquids Transportation and Services Segment, which owns interest in Lone Star NGL LLC (Lone Star), which owns approximately 2,000 miles of natural gas liquids (NGL) pipelines; Investment in Sunoco Logistics segment, which owns and operates a logistics business; Retail Marketing Segment, which is conducted through its subsidiary, Sunoco, Inc., and All Other Segment. ENERGY TRANSFER PARTNERS, L.P. (NYSE:ETP) Recent Trading Information
ENERGY TRANSFER PARTNERS, L.P. (NYSE:ETP) closed its last trading session up +0.24 at 36.54 with 2,748,185 shares trading hands.
