ETP is a company that is carrying a huge amount of debt. To stay afloat, they are being propped up by a number of financial institutions who have lent ETP billions of dollars. Here is a list of the banks that have recently loaned ETP money:
ABN Amro Capita
Bank of America
Bank of Hawaii
Bank of Montreal
Bank of Nova Scotia
Bank of Tokyo-Mitsubishi
Branch Bank & Trust Co.
Canadian Imperial Bank of Commerce
Fifth Third Bank (Ohio)
Hua Nan Commercial Bank
Huntington National Bank
Mega International Bank
Royal Bank of Canada
Royal Bank of Scotland
Taiwan Cooperative Bank
In addition to the primary targets, there are dozens of other financial institutions that directly support and enable Energy Transfer Partners (ETP). Here is a list of some of the major institutional shareholders of ETP and its parent company, Energy Transfer Equity (ETE), that are not included in the list of primary targets:
Alps Advisors is the largest shareholder of Energy Transfer Partners, holding over $1 billion in shares. Alps is headquartered in Denver and has corporate offices in Boston, Seattle, New York and Toronto.
Harvest Fund Advisors is the third largest shareholder in ETP and the second largest shareholder in ETE, holding $1.8 billion in shares. Harvest is based out of Wayne, PA.
Oppenheimer Funds is the fourth largest shareholder of ETP and the number six shareholder of ETE, holding $1.4 billion in shares. They are based in Centennial, CO.
Tortoise Capital Advisors owns $1.2 billion in combined ETP and ETE shares. Tortoise is headquartered in Leawood, KS.
Kayne Anderson Capital Advisors holds $641 million in ETP shares, making them the seventh largest shareholder of the company. They are based in Los Angeles and have several other corporate office locations.
Neuberger Berman Group is the seventh largest shareholder of ETE with $500 million worth of shares. They are hardhearted in NYC but have office locations around the world.
Chickasaw Capital Management holds $380 million in ETE. They are headquarted in Memphis, TN.
Bank of Montreal is the tenth largest shareholder of ETE with $340 million in shares.