Enterprise Prices $800 Million of Senior Notes

Enterprise Products Operating has priced a public offering of $800 million of 10-year senior unsecured notes. The proceeds from the offering will be used to temporarily reduce borrowings outstanding under the partnership's Multi-Year Revolving Credit Facility, which will be used to repay, at maturity, the $500 million principal amount outstanding under its 4.00 percent notes due October 15, 2007, together with accrued and unpaid interest, as well as for general partnership purposes.

The 10-year senior notes will be issued at 99.953 percent of their principal amount and will have a fixed-rate interest coupon of 6.30 percent and a maturity date of September 15, 2017. The settlement date will be September 4, 2007. Enterprise Products Partners L.P. will guarantee the notes through an unconditional guarantee on a senior unsecured basis.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours