8-KMaterial AgreementsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Oct 26, 2010)

Filed October 26, 2010For Securities:EPDEPDU

Summary

This 8-K filing from Enterprise Products Partners L.P. (EPD) on October 26, 2010, primarily details a material definitive agreement: the First Amendment to its Amended and Restated Revolving Credit Agreement. This amendment was entered into by Enterprise Products Operating LLC (EPO), an indirect wholly owned subsidiary, and various financial institutions. The core purpose of this amendment is to update certain defined terms within the credit agreement, specifically "Change of Control" and "GP LLC." These updates are in direct response to anticipated changes in the Partnership's general partner structure. Specifically, the amendment accounts for the potential scenario where EPE Holdings, LLC becomes the new general partner, a change that could occur in connection with the proposed merger of Enterprise GP Holdings L.P. with a subsidiary of EPD. For investors, this filing signals proactive management of financing arrangements to accommodate strategic corporate restructuring.

Key Highlights

  • 1EPD's subsidiary, Enterprise Products Operating LLC (EPO), entered into a First Amendment to its Amended and Restated Revolving Credit Agreement.
  • 2The amendment was dated October 22, 2010.
  • 3The primary purpose of the amendment is to modify defined terms within the credit agreement, including 'Change of Control' and 'GP LLC'.
  • 4These changes are related to potential shifts in the Partnership's general partner structure.
  • 5The amendment addresses the possibility of EPE Holdings, LLC becoming the general partner.
  • 6This restructuring is connected to a proposed merger involving Enterprise GP Holdings L.P. and a subsidiary of EPD.
  • 7The filing indicates that EPD is managing its financing agreements in anticipation of corporate structural changes.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a material definitive agreement. Specifically, it announces the First Amendment to Enterprise Products Partners L.P.'s (EPD) Amended and Restated Revolving Credit Agreement, entered into by its subsidiary, Enterprise Products Operating LLC.

The Revolving Credit Agreement was amended to update key defined terms, particularly 'Change of Control' and 'GP LLC'. These changes are designed to accommodate potential upcoming changes in the structure of EPD's general partner.

The amendment is preparing for the possibility that EPE Holdings, LLC may become the general partner of Enterprise Products Partners L.P. This is part of a broader restructuring involving a proposed merger between Enterprise GP Holdings L.P. and a subsidiary of EPD.

While the amendment modifies terms within the revolving credit agreement, it is framed as an adjustment to definitions to reflect anticipated structural changes rather than an immediate impact on the overall debt or credit capacity itself. Investors should review the full First Amendment for detailed implications.