Enterprise Products Partners L.P. - 2012-08-07

Description

Enterprise Products Partners L.P. announced that its operating subsidiary, Enterprise Products Operating LLC, has priced a public offering of $1.75 billion of senior unsecured notes comprised of $650 million due on August 13, 2015 and $1.1 billion due on February 15, 2043. Net proceeds from the offering are expected to be used to temporarily reduce borrowings under EPO’s multi-year revolving credit facility, which EPO used to repay amounts due upon the maturity of its $500 million principal amount of Senior Notes P on August 1, 2012 and for general company purposes. Citigroup Global Markets Inc., Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and SunTrust Robinson Humphrey, Inc. acted as joint book-running managers for the offering.

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Estimated Price
$1,750.0MM
Financing Type
Report Date