Enterprise Products announced the commencement of a public offering of 8,600,000 common units representing limited partner interests.
Enterprise Products has also granted the underwriters a 30-day option to purchase up to 1,290,000 additional common units to cover over-allotments, if any. Enterprise intends to use the net proceeds from the offering to reduce borrowings outstanding under its revolving credit facility and for general partnership purposes.
Enterprise expects to use some of the increased availability under the facility to finance capital expenditures and other growth projects.
Most Popular Articles