Hunton Andrews Kurth Represents Underwriters in Connection with Energy Transfer LP’s $225 Million Tax-Exempt Issuance

Hunton Andrews Kurth LLP represented the underwriters in connection with the issuance of $225 million aggregate principal amount of Harris County Industrial Development Corporation (the “Issuer”) Marine Terminal Refunding Revenue Bonds (Energy Transfer LP Project) Series 2023 (the “Bonds”). The Bonds were issued by the Issuer to refund its Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2010 in the principal amount of $75 million, its Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2011 in the principal amount of $50 million and its Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2012 in the principal amount of $100 million (collectively, the “Prior Bonds”). The Bonds are special limited obligations of the Issuer and will be payable solely from, and secured solely by, a pledge of payments derived by the Issuer under a loan agreement between the Issuer and Energy Transfer LP (“Energy Transfer”).

The Prior Bonds were issued as qualified Hurricane Ike disaster area bonds to finance the cost of qualified projects. The proceeds of the Prior Bonds were loaned to HFOTCO LLC, which is a wholly-owned subsidiary of Energy Transfer. Energy Transfer owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major US production basins.

The Hunton Andrews Kurth team was led by Patrick C. Jamieson and included assistance from Jordan Hirsch, Steven C. Friend, Casey Shaw, Monika M. Dziewa and Kaitlyn Thorson. Andrew R. Kintzinger and Brendan M. Staley provided tax advice. E. Carter Chandler Clements provided environmental advice and Shemin V. Proctor provided regulatory advice.