Energy Transfer Equity bought $300 million in Sunoco LP preferred equity in a private placement. Sunoco LP will use the proceeds of the transaction to repay borrowings under its revolving credit facility. ETE is the parent to Sunoco, owning its general partner and incentive distribution rights. ETE also owns 18.4 million common units of Energy Transfer Partners and approximately 81.0 million ETP Class H Units, which track 90% of the general partner interest and......
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