Energy Transfer 2012 Annual Report Download - page 101

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amount of senior notes in connection with our tender offers announced in January 2012 (see Note 10 to our consolidated financial
statements). In connection with the issuance of senior notes in January 2012, we incurred debt issuance costs of $18 million. In
2012, we paid distributions of $1.34 billion to our partners. In addition, we received capital contributions of $320 million from
Regency for its noncontrolling interest in Lone Star.
Year Ended December 31, 2011
Cash provided by financing activities was $2.27 billion in 2011. We received $1.47 billion in net proceeds from Common Unit
offerings, including $96 million under our equity distribution program (see Note 7 to our consolidated financial statements). Net
proceeds from the offerings were used to repay outstanding borrowings under the ETP Credit Facility, to fund capital expenditures,
acquisitions, and capital contributions to joint ventures, as well as for general partnership purposes. In 2011, we had a net increase
in our debt level of $1.38 billion primarily due to our issuance of $1.50 billion of senior notes in May 2011 to partially fund the
LDH Acquisition. We also received $645 million of capital contributions from noncontrolling interest related to the LDH
Acquisition. In 2011, we paid distributions of $1.16 billion to our partners.
Year Ended December 31, 2010
Cash provided by financing activities was $273 million in 2010. We received $1.15 billion in net proceeds from Common Unit
offerings, including $239 million under our equity distribution program (see Note 7 to our consolidated financial statements). Net
proceeds from the offerings were used to repay borrowings under the ETP Credit Facility, to fund capital expenditures, and capital
contributions to joint ventures, as well as for general partnership purposes. In 2010, we had a net increase in our debt level of $193
million primarily due to borrowings to fund capital expenditures and to fund capital contributions to joint ventures, partially offset
by the use of proceeds from our Common Unit offerings. In 2010, we paid distributions of $1.07 billion to our partners.
Description of Indebtedness
Our outstanding consolidated indebtedness at December 31, 2012 and 2011 was as follows (in millions):
December 31,
2012 2011
ETP Senior Notes $ 7,692 $ 6,550
Transwestern Senior Unsecured Notes 870 870
Southern Union Senior Notes 1,260 —
Panhandle Senior Notes 1,621 —
Sunoco Senior Notes 965 —
Sunoco Logistics Senior Notes 1,450 —
Revolving credit facilities:
ETP $2.5 billion Revolving Credit Facility due October 27, 2016 1,395 314
Southern Union $700 million Revolving Credit Facility due May 20, 2016 210 —
Sunoco Logistics $200 million Revolving Credit Facility due August 21, 2013 26 —
Sunoco Logistics $35 million Revolving Credit Facility due April 30, 2015 20 —
Sunoco Logistics $350 million Revolving Credit Facility due August 22, 2016 93 —
Note Payable to ETE 166 —
Other long-term debt 32 81
Unamortized premiums, net of discounts and fair value adjustments 417 (3)
Total debt 16,217 7,812
Less: current maturities (609)(424)
Long-term debt, less current maturities $ 15,608 $ 7,388
The terms of our consolidated indebtedness and that of our subsidiaries are described in more detail below and in Note 6 to our
consolidated financial statements.
January 2013 Senior Note Offering
In January 2013, ETP completed a public offering of $800 million aggregate principal amount of our 3.6% Senior Notes due
February 1, 2023 and $450 million aggregate principal amount of our 5.15% Senior Notes due February 1, 2043. We used the net
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