Enterprise Products PartnersL.P.( NYSEEPD)( “ Enterprise ”) moment blazoned that its operating attachment, Enterprise Products Operating LLC( “ EPO ”), has priced a public immolation of$2.0 billion aggregate top quantum of notes comprised of( i)$1.0 billion top quantum of elderly notes due January 11, 2027( “ Senior Notes HHH ”), and( ii)$1.0 billion top quantum of elderly notes due January 31, 2034( “ Senior Notes III ”). Enterprise expects to use the net proceeds of this immolation for( i) general company purposes, including for growth capital investments, and( ii) the prepayment of debt( including the prepayment of all or a portion of its$ 850 million top quantum of3.90 elderly Notes JJ due 2024 at their maturity in February 2024 and amounts outstanding under its marketable paper program). elderly Notes HHH will be issued at 99.897 of their top quantum and will have a fixed-rate interest pasteboard of 4.60. elderly Notes III will be issued at 99.705 of their top quantum and will have a fixed-rate interest pasteboard of 4.85. Enterprise Products PartnersL.P. will guarantee the elderly notes through an unconditional guarantee on a relaxed and unsubordinated base.
agreement of the immolation is anticipated to be done on January 11, 2024. MUFG Securities AmericasInc., Citigroup Global requestsInc., Credit Agricole Securities( USA)Inc., PNC Capital Requests LLC, and TD Securities( USA) LLC acted as common book-running directors for the immolation. An investor may gain a free dupe of the prospectus as supplemented for the immolation by visiting EDGAR on the SEC website at www.sec.gov. Alternately, EPO or any coach or dealer sharing in this immolation will arrange to shoot a prospectus as supplemented to an investor if requested by reaching MUFG Securities Americans. at(877)649-6848, Citigroup Global requests. at(800)831-9146, Credit Agricole Securities( USA)Inc. at(866)807-6030, PNC Capital requests LLC at(855)881-0697 or TD Securities( USA) LLC at(855)495-9846. This press release shall not constitute an offer to vend or the supplication of an offer to buy the securities described in this press release, nor shall there be any trade of these securities in any state or governance in which such an offer, supplication, or trade would be unlawful previous to enrollment or qualification under the securities laws of any similar governance. The immolation is being made only by means of a prospectus and affiliated prospectus supplement, which are part of an effective enrollment statement. Enterprise Products PartnersL.P. is one of the largest intimately traded hookups and a leading North American provider of midstream energy services to directors and consumers of natural gas, NGLs, crude oil painting, refined products, and petrochemicals.
Services include natural gas gathering, treating, recycling, transportation, and storehouse; NGL transportation, separation, storehouse, and marine outstations; crude oil painting gathering, transportation, storehouse, and marine outstations; petrochemical and refined products transportation, storehouse and marine outstations; and marine transportation business that operates on crucialU.S. inland and Intracoastal raceway systems. The cooperation’s means presently include more than 50,000 long hauls of channels; over 260 million barrels of storehouse capacity for NGLs, crude oil painting, petrochemicals, and refined products; and 14 billion boxy bases of natural gas storehouse capacity.
