The net proceeds after offering expenses from the sale of 12,650,000 common units in the equity offering will be approximately $320.2 million, including the additional common units sold and a proportionate net capital contribution of $6.4 million from the general partner. 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.
A copy of the final prospectus supplement and base prospectus relating to this offering can be obtained from Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, N.Y., 11220, (718) 765-6732, fax (718) 765-6734; or from UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, N.Y., 10171, (212) 821-3000.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the limited partner interests described in this press release, nor shall there be any sale of these limited partner 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 offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on March 23, 2005.
Enterprise Products Partners L.P. is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs and crude oil. Enterprise transports natural gas, NGLs and crude oil through more than 34,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services.
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