Attached files
file | filename |
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8-K - FORM 8-K - ENTERPRISE PRODUCTS PARTNERS L.P. | h72213e8vk.htm |
EX-8.1 - EX-8.1 - ENTERPRISE PRODUCTS PARTNERS L.P. | h72213exv8w1.htm |
EX-1.1 - EX-1.1 - ENTERPRISE PRODUCTS PARTNERS L.P. | h72213exv1w1.htm |
EX-5.1 - EX-5.1 - ENTERPRISE PRODUCTS PARTNERS L.P. | h72213exv5w1.htm |
EX-99.1 - EX-99.1 - ENTERPRISE PRODUCTS PARTNERS L.P. | h72213exv99w1.htm |
Exhibit
99.2
Enterprise Products Partners L.P. | ||
P.O. Box 4324 | ||
Houston, TX 77210 | ||
(713) 381-6500 |
Enterprise Products Partners L.P. Announces
Sale of Additional Common Units
Sale of Additional Common Units
Houston, Texas , (Wednesday, April 14, 2010) Enterprise Products Partners L.P.
(NYSE:EPD) today announced that the underwriters of its recent common unit offering have exercised
their full over-allotment option to purchase 1,800,000 additional common units as part of EPDs
common unit offering that was priced on April 13, 2010 at a public offering price of $35.55 per
common unit.
The net proceeds from the sale of the 1,800,000 common units will be approximately $63 million
after deducting underwriting discounts, commissions and offering expenses. Included in the
proceeds is a net capital contribution of approximately $1 million from Enterprises general
partner to maintain a 2 percent general partner interest. Enterprise intends to use the net
proceeds to pay a portion of the purchase price of its previously announced, pending acquisition of
natural gas gathering assets in the Haynesville Shale area from M2 Midstream LLC and for general
partnership purposes.
Barclays Capital, Citi, Morgan Stanley, UBS Investment Bank, Wells Fargo Securities and J.P.
Morgan are joint book running managers for the offering. Credit Suisse, Goldman, Sachs & Co.,
Raymond James, RBC Capital Markets, Deutsche Bank Securities, Madison Williams and Company and
Morgan Keegan & Company, Inc. are co-managers. An investor may obtain a free copy of the
prospectus as supplemented by visiting EDGAR on the SEC website at
www.sec.gov. A copy of the
preliminary prospectus supplement and related base prospectus may also be obtained from the
underwriters as follows:
Barclays Capital Inc.
c/o Broadridge Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (888) 603-5847
Barclaysprospectus@broadridge.com
c/o Broadridge Integrated Distribution Services
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (888) 603-5847
Barclaysprospectus@broadridge.com
Citigroup Global Markets Inc.
Brooklyn Army Terminal
Attention: Prospectus Dept.
140 58th Street, 8th floor,
Brooklyn, NY, 11220
Toll-free number: (800) 831-9146
batprospectusdept@citi.com
Brooklyn Army Terminal
Attention: Prospectus Dept.
140 58th Street, 8th floor,
Brooklyn, NY, 11220
Toll-free number: (800) 831-9146
batprospectusdept@citi.com
Morgan Stanley & Co. Incorporated
Attn: Prospectus Dept.
180 Varick Street, 2nd floor,
New York, NY, 10014
Toll-free number: (866) 718-1649
prospectus@morganstanley.com
Attn: Prospectus Dept.
180 Varick Street, 2nd floor,
New York, NY, 10014
Toll-free number: (866) 718-1649
prospectus@morganstanley.com
UBS Securities LLC
Prospectus Dept.
299 Park Avenue
New York, NY, 10171
Toll-free: (888) 827-7275
Prospectus Dept.
299 Park Avenue
New York, NY, 10171
Toll-free: (888) 827-7275
Wells Fargo Securities, LLC
Attention: Equity Syndicate Dept.
375 Park Avenue
New York, NY, 10152
equity.syndicate@wellsfargo.com
Toll-free number: (800) 326-5897
Attention: Equity Syndicate Dept.
375 Park Avenue
New York, NY, 10152
equity.syndicate@wellsfargo.com
Toll-free number: (800) 326-5897
J.P. Morgan Securities Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (866) 803-9204
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This press release shall not constitute an offer to sell or the solicitation of an offer to
buy the units described herein, nor shall there be any sale of these units in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The offering is being made
only by means of a prospectus and related prospectus supplement, which are part of an effective
registration statement.
Enterprise Products Partners L.P. is the largest publicly traded energy partnership and a
leading North American provider of midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. The partnerships assets include:
48,700 miles of onshore and offshore pipelines; approximately 200 million barrels of storage
capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage
capacity. Services include: natural gas transportation, gathering, processing and storage; NGL
fractionation (or separation), transportation, storage, and import and export terminaling; crude
oil and refined products storage, transportation and terminaling; offshore production platform;
petrochemical transportation and storage; and a marine transportation business that operates
primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.
For additional information visit www.epplp.com. Enterprise Products Partners L.P. is managed by
its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings
L.P. (NYSE: EPE). For more information on Enterprise GP Holdings L.P., visit
www.enterprisegp.com.
Contacts: Randy Burkhalter, Investor Relations (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
Rick Rainey, Media Relations (713) 381-3635
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