8-KMaterial AgreementsOther EventsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Feb 15, 2012)

Filed February 15, 2012For Securities:EPDEPDU

Summary

This Form 8-K filing by Enterprise Products Partners L.P. (EPD) on February 15, 2012, primarily reports on the completion of a material definitive agreement: the public offering of $750 million in aggregate principal amount of Enterprise Products Operating LLC's (EPO) 4.85% Senior Notes due 2042. These notes are guaranteed on an unsecured and unsubordinated basis by EPD. This offering was registered under the Securities Act of 1933. The issuance of these senior notes represents a significant financing event for the partnership, providing capital likely for general corporate purposes or strategic initiatives. The specific terms, including the interest rate of 4.85% per annum, semi-annual interest payments, and a maturity date of August 15, 2042, are detailed. The filing also notes the provisions for redemption of these notes by EPO, both before and after the maturity date, with specific conditions and pricing mechanisms outlined.

Key Highlights

  • 1EPD completed the public offering of $750 million aggregate principal amount of 4.85% Senior Notes due 2042, issued by its subsidiary Enterprise Products Operating LLC (EPO).
  • 2The Senior Notes are guaranteed by Enterprise Products Partners L.P. on an unsecured and unsubordinated basis.
  • 3The notes carry a fixed interest rate of 4.85% per annum, payable semi-annually.
  • 4The maturity date for these senior notes is August 15, 2042.
  • 5The offering was registered under the Securities Act of 1933, indicating compliance with regulatory requirements.
  • 6The filing details the conditions under which EPO can redeem the notes, including a make-whole premium prior to maturity.
  • 7Associated legal opinions and consents related to the registration statement were also filed as exhibits.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the completion of a material definitive agreement, specifically the public offering of $750 million of 4.85% Senior Notes due 2042 by Enterprise Products Operating LLC (EPO), with a guarantee from Enterprise Products Partners L.P. (EPD).

The notes have an aggregate principal amount of $750 million, a fixed interest rate of 4.85% per annum, and mature on August 15, 2042. Interest payments are scheduled semi-annually, starting August 15, 2012.

Enterprise Products Operating LLC (EPO) is the issuer of the notes, and Enterprise Products Partners L.P. (EPD) provides an unsecured and unsubordinated guarantee for the principal and interest payments.

Yes, EPO has the option to redeem some or all of the notes at any time prior to February 15, 2042, at a redemption price that includes a make-whole premium. After February 15, 2042, redemption can occur at the principal amount plus accrued interest.