Enterprise Products Partners has opened a $2 billion public offering of senior notes through its subsidiary, Enterprise Products Operating, the company announced June 17. (Source: Shutterstock)
Enterprise Products Partners has opened a $2 billion public offering of senior notes through its subsidiary, Enterprise Products Operating, the company announced June 17.
The offering includes $500 million in notes due in 2028, $750 million due in 2031 and another $750 million due 2036. The sale is expected to close June 20.
Enterprise plans to use proceeds from the offering to support growth expenditures, potential acquisitions and the repayment of outstanding debt. The notes will carry fixed interest rates ranging from 4.3% to 5.2%, depending on maturity.
Citigroup, BBVA Securities, Deutsche Bank, Scotia Capital and TD Securities acted as joint book-running managers for the offering.
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