8-KOther EventsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Apr 16, 2007)

Filed April 16, 2007For Securities:EPDEPDU

Summary

This 8-K filing by Enterprise Products Partners L.P. (EPD) on April 16, 2007, primarily reports on an underwriting agreement and a related prospectus supplement. The key event is the agreement for Shell US Gas & Power LLC to sell 13,500,000 common units of EPD to Lehman Brothers Inc. as underwriter. This transaction is scheduled to close on April 18, 2007. The filing also confirms the submission of a prospectus supplement to the SEC, supporting the offering of these units under EPD's existing registration statement. Investors should note this information as it indicates a significant secondary offering of EPD common units, potentially increasing the public float and impacting unit prices due to the increased supply.

Key Highlights

  • 1Shell US Gas & Power LLC is selling 13,500,000 EPD common units.
  • 2Lehman Brothers Inc. is acting as the underwriter for this sale.
  • 3The sale is conducted through an underwriting agreement dated April 13, 2007.
  • 4The closing of this unit sale is scheduled for April 18, 2007.
  • 5A prospectus supplement related to this offering was filed with the SEC on April 16, 2007.
  • 6The offering is made under EPD's Form S-3 registration statement.
  • 7Legal opinions from Andrews Kurth LLP are included as exhibits.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the execution of an underwriting agreement for the sale of 13,500,000 Enterprise Products Partners L.P. common units by Shell US Gas & Power LLC, and to disclose the filing of a related prospectus supplement with the SEC.

Shell US Gas & Power LLC is the selling unitholder, and they are selling 13,500,000 common units to Lehman Brothers Inc., who is acting as the underwriter.

The closing of the sale of the common units by the Selling Unitholder (Shell US Gas & Power LLC) is scheduled for April 18, 2007.

No, this filing indicates a secondary offering. The 13,500,000 common units are being sold by an existing unitholder (Shell US Gas & Power LLC), not being newly issued by Enterprise Products Partners L.P. itself.