Enterprise Products Partners LP - 2016-04-04


Priced a public offering of $1.25 billion in senior unsecured notes. The total amount is comprised of $575 million RR notes due April 15, 2021, $575 million SS notes due Feb. 15, 2027 and $100 million reopened QQ notes due May 15, 2046. Net proceeds will repay debt including outstanding commercial paper program amounts. They will also support general company purposes. The RR notes have 2.85% fixed-rate interest; the SS notes have a 3.95% fixed-rate interest and the reopened QQ notes have a 4.90% fixed-rate interest. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., DNB Markets Inc. and Scotia Capital (USA) Inc. are joint book-running managers.

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