Enterprise Products Operating LLC priced a public offering of $2 billion of senior unsecured notes comprised of $850 million due on February 15, 2024 (Senior Notes JJ) and $1.15 billion due on February 15, 2045 (Senior Notes KK). The net proceeds of this offering will be used for the repayment of debt, including the repayment of amounts outstanding under the company’s multi-year revolving credit facility, 364-day credit agreement or commercial paper program (used to repay amounts outstanding on the maturity of the $500 million principal amount of Senior Notes O due, January 2014) and for general company purposes.

The Senior Notes JJ will be issued at 99.811% of their principal amount and will have a fixed-rate interest coupon of 3.90%, and the Senior Notes KK will be issued at 99.845% of their principal amount and will have a fixed-rate interest coupon of 5.10%. The expected settlement date for the offering is February 12. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.