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Enterprise Products Prices Billions In Senior Notes

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February 7, 2014

Enterprise Products Operating LLC, a subsidiary of Enterprise Products Partners LP (NYSE: EPD), priced a public offering of $2 billion in senior unsecured notes, the company said Feb. 5. The notes’ total worth is split between $850 million “JJ” notes due Feb. 15, 2024 and $1.15 billion “KK” notes due the same day in 2045, the company added.

Net proceeds will repay debt, including outstanding amounts under revolving credit, the 364-day credit agreement or commercial paper program, the company said. Proceeds will also go toward general purposes, the company said. ...

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