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Pipeline firm Energy Transfer moving headquarters to North Dallas

Petroleum and gas pipeline firm Energy Transfer is moving its Dallas headquarters to a larger location as a result of the company's growth.

Energy Transfer Partners alleges it was cut out of a deal to build a pipeline from Cushing, Okla., to Houston.

The refinancings are expected to reduce the company's current annual interest expense by over $16 million.

Net proceeds will be used to fund its purchase up to $600 million of its outstanding 2020 notes.

Net proceeds will be used to refinance its existing $900 million senior secured term loan credit facility and for general partnership purposes.

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