Attached files
file | filename |
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8-K - FORM 8-K - ENTERPRISE PRODUCTS PARTNERS L.P. | d268666d8k.htm |
EX-5.1 - OPINION OF ANDREWS KURTH LLP - ENTERPRISE PRODUCTS PARTNERS L.P. | d268666dex51.htm |
EX-8.1 - OPINION OF ANDREWS KURTH LLP RELATING TO TAX MATTERS - ENTERPRISE PRODUCTS PARTNERS L.P. | d268666dex81.htm |
EX-99.1 - PRESS RELEASE - ENTERPRISE PRODUCTS PARTNERS L.P. | d268666dex991.htm |
EX-1.1 - UNDERWRITING AGREEMENT, DATED DECEMBER 8, 2011 - ENTERPRISE PRODUCTS PARTNERS L.P. | d268666dex11.htm |
Exhibit 99.2
Enterprise Products Partners L.P. Announces Sale of
Additional Units
Houston, Texas (Thursday, December 8, 2011) 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 1,350,000 additional common units representing limited partner interests in the partnership as part of Enterprises common unit offering that was priced today at a public offering price of $44.68 per common unit.
The net proceeds from the sale of the 1,350,000 common units will be approximately $59 million after deducting underwriting discounts, commissions and offering expenses. The total net proceeds from the offering, including the exercise of the over-allotment option, will be approximately $448 million. Enterprise intends to use the net proceeds to temporarily reduce borrowings under its multi-year revolving credit facility.
Barclays Capital, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, and UBS Investment Bank are joint book-running managers for the offering. Credit Suisse, Raymond James, RBC Capital Markets, Deutsche Bank Securities, Morgan Keegan & Company Inc., Ladenburg Thalmann & Co. Inc., Sanders Morris Harris, and Janney Montgomery Scott 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
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (888) 603-5847
Barclaysprospectus@broadridge.com
BofA Merrill Lynch
Attn: Prospectus Department
4 World Financial Center
New York, NY 10080
Email: dg.prospectus_requests@baml.com
Citigroup
Attention: Prospectus Dept.
Brooklyn Army Terminal
140 58th Street, 8th floor,
Brooklyn, NY 11220
Toll-free number: (800) 831-9146
batprospectusdept@citi.com
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Toll-free number: (866) 803-9204
Morgan Stanley
Attn: Prospectus Dept.
180 Varick Street, 2nd floor,
New York, NY 10014
Toll-free number: (866) 718-1649
prospectus@morganstanley.com
UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Toll-free number: (888) 827-7275
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common units described herein, nor shall there be any sale of these common 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 one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and
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consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. The partnerships assets include approximately: 50,000 miles of onshore and offshore pipelines; 192 million barrels of storage capacity for NGLs, refined products and crude oil; and 8 billion cubic feet of natural gas storage capacity. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminaling; offshore production platform services; crude oil and refined products transportation, storage and services; 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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