Attached files
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EX-1.1 - EX-1.1 - ENTERPRISE PRODUCTS PARTNERS L.P. | h84159exv1w1.htm |
EX-99.2 - EX-99.2 - ENTERPRISE PRODUCTS PARTNERS L.P. | h84159exv99w2.htm |
8-K - FORM 8-K - ENTERPRISE PRODUCTS PARTNERS L.P. | h84159e8vk.htm |
Exhibit 99.1
Enterprise Products Partners L.P.
P.O. Box 4324
Houston, TX 77210
(713) 381-6500
P.O. Box 4324
Houston, TX 77210
(713) 381-6500
[Enterprise Graphic]
ENTERPRISE PRICES $1.25 BILLION OF
SENIOR UNSECURED NOTES
SENIOR UNSECURED NOTES
Houston, Texas (Wednesday, August 10, 2011) Enterprise Products Partners L.P. (NYSE: EPD)
today announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has
priced a public offering of $650 million of senior unsecured notes due on February 15, 2022
(February 2022 Notes), and $600 million of senior unsecured notes due on February 15, 2042
(February 2042 Notes). The net proceeds from the offering are expected to be used to temporarily
reduce borrowings under EPOs multi-year revolving credit facility and for general company
purposes.
The February 2022 Notes will be issued at 99.790 percent of their principal amount, and will
have a fixed-rate interest coupon of 4.05 percent. The February 2042 Notes will be issued at
99.887 percent of their principal amount, and will have a fixed-rate interest coupon of 5.70
percent. The expected settlement date for the offering is August 24, 2011. Enterprise Products
Partners L.P. will guarantee the notes through an unconditional guarantee on an unsecured and
unsubordinated basis.
Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global
Markets Inc., Mizuho Securities USA Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo
Securities, LLC acted as joint book-running managers for the offering. An investor may obtain a
free copy of the prospectus as supplemented by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the issuer or any underwriter or dealer participating in this offering will arrange
to send a prospectus as supplemented to an investor if requested by contacting Barclays Capital
Inc. at (888) 603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated at (800) 294-1322,
Citigroup Global Markets Inc. at (877) 858-5407, Mizuho Securities USA Inc. at (866) 271-7403,
SunTrust Robinson Humphrey, Inc. at (800) 685-4786 or Wells Fargo Securities, LLC at (800)
326-5897.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy the senior notes described in this press release, nor shall there be any sale of these notes 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 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
approximately 50,200 miles of onshore and offshore
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pipelines; 192 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 services; 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.enterpriseproducts.com.
Contacts: | Randy Burkhalter, Investor Relations (713) 381-6812 or (866) 230-0745 Rick Rainey, Media Relations (713) 381-3635 |
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