Enterprise Products Partners Prices Public Offering

Enterprise Products Partners L.P. has priced a public offering of 11,000,000 common units representing limited partner interests at a price of $25.80 per unit. Enterprise will receive net proceeds after offering expenses in connection with this offering of approximately $278.3 million, including the general partner's proportionate capital contribution of $5.6 million. Enterprise has granted the underwriters a 30-day option to purchase an additional 1,650,000 additional common units.

Enterprise plans to use the net proceeds from this offering to temporarily reduce borrowings currently outstanding under its multi-year revolving credit facility and for general partnership purposes.

Citigroup Global Markets Inc. and UBS Securities LLC are acting as joint book-running managers for the offering. Senior co-managers for the offering are Goldman, Sachs & Co., Lehman Brothers Inc., Morgan Stanley & Co. Incorporated and Wachovia Capital Markets, LLC. Co-managers for the offering are A.G. Edwards & Sons, Inc., Raymond James & Associates, Inc., RBC Capital Markets Corporation, Sanders Morris Harris Inc., Banc of America Securities LLC, Natexis Bleichroeder Inc. and Oppenheimer & Co. Inc.


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