Enterprise Products Partners Prices $500MM of Senior Notes Due 2014
Enterprise announced that its operating subsidiary, Enterprise Products Operating LLC, has priced a public offering of $500 million of senior unsecured notes due 2014. The proceeds from the offering are expected to be used to temporarily reduce borrowings outstanding under the partnership's Multi-Year Revolving Credit Facility and for general partnership purposes.
The notes will be issued at 100 percent of their principal amount and will have a fixed-rate interest coupon of 9.75 percent and a maturity date of January 31, 2014. The expected settlement date for the offering is December 8, 2008. Enterprise Products Partners L.P. will guarantee the notes through an unconditional guarantee on an unsecured and unsubordinated basis.
- Enterprise to Ship More Permian Crude to Texas Gulf Coast (Dec 06)
- Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal (Oct 10)
- Pompano Gas Production Ramps Up Again (Jul 26)