Enterprise Prices $2.5 Billion Aggregate Principal Amount of Senior Notes
BY Business Wire | CORPORATE | 08/01/24 06:33 PM EDT HOUSTON--(BUSINESS WIRE)--
Enterprise Products Partners L.P.
Enterprise expects to use the net proceeds of this offering for (i) general company purposes, including for growth capital investments, and (ii) the repayment of debt (including the repayment of all or a portion of its $1.15 billion principal amount of 3.75% Senior Notes MM due 2025 at their maturity in February 2025).
Senior Notes JJJ will be issued at 99.400% of their principal amount and will have a fixed-rate interest coupon of 4.95%. Senior Notes KKK will be issued at 99.663% of their principal amount and will have a fixed-rate interest coupon of 5.55%. Enterprise Products Partners L.P.
Mizuho Securities USA LLC, Barclays Capital Inc., BMO Capital Markets Corp., SMBC Nikko Securities America, 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 for the offering by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, EPO or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting Mizuho Securities USA LLC at (866) 271-7403, Barclays Capital Inc. at (888) 603-5847, BMO Capital Markets Corp. at (866) 864-7760, SMBC Nikko Securities America, Inc. at (888) 868-6856 or Wells Fargo Securities, LLC at (800) 645-3751.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described in this press release, nor shall there be any sale of these securities 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.
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Source: Enterprise Products Partners L.P.