8-KOther EventsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Dec 15, 2005)

Filed December 15, 2005For Securities:EPDEPDU

Summary

This Form 8-K filing from Enterprise Products Partners L.P. (EPD) reports on the completion of a private placement of senior secured notes by a jointly-owned venture. Specifically, Cameron Highway Oil Pipeline Company, a venture co-owned by EPD and Valero Energy Corporation, successfully placed $415 million of notes due in December 2017. This issuance is significant for investors as it indicates the successful financing of a joint venture project, potentially for infrastructure development. The use of senior secured notes suggests a structured approach to debt financing, aiming to secure favorable terms for the project's capital needs. Investors should note the involvement of both EPD and Valero, highlighting strategic partnerships in the energy midstream sector.

Key Highlights

  • 1Enterprise Products Partners L.P. (EPD) and Valero Energy Corporation jointly announced the completion of a private placement of senior secured notes.
  • 2The notes are issued by their jointly-owned venture, Cameron Highway Oil Pipeline Company.
  • 3The total principal amount of the notes placed is $415,000,000.
  • 4The notes have a maturity date of December 2017.
  • 5The issuance is being filed as an exhibit to the Form 8-K via a press release, in accordance with Rule 135c under the Securities Act of 1933.
  • 6This transaction signifies successful financing for a joint venture project in the energy midstream sector.

Frequently Asked Questions

The main purpose of this filing is to announce the completion of a private placement of $415 million in senior secured notes by Cameron Highway Oil Pipeline Company, a jointly-owned venture of Enterprise Products Partners L.P. and Valero Energy Corporation.

The senior secured notes were issued by Cameron Highway Oil Pipeline Company, which is a jointly-owned venture between Enterprise Products Partners L.P. and Valero Energy Corporation.

The notes have a principal amount of $415,000,000 and are due in December 2017. They are described as 'senior secured notes'.

This transaction demonstrates EPD's ability to secure financing through joint ventures for infrastructure projects. It highlights a strategic partnership with Valero Energy Corporation and suggests progress on the Cameron Highway Oil Pipeline project, which may contribute to future revenue streams.