8-KMaterial AgreementsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Oct 21, 2014)

Filed October 21, 2014For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed an 8-K on October 21, 2014, to report on a material definitive agreement. Specifically, the company, along with its general partner and certain subsidiaries, entered into a Seventh Amended and Restated Administrative Services Agreement with Enterprise Products Company (EPCO) effective October 1, 2014. This amendment primarily serves to incorporate OTLP GP, LLC and Oiltanking Partners, L.P. as new parties to the agreement. These newly added subsidiaries will now receive administrative services from EPCO under the same terms and conditions as Enterprise Products Partners L.P. and its other existing subsidiaries. This expansion of the agreement signifies a consolidation or formalization of administrative support structures as the partnership potentially grows or reorganizes.

Key Highlights

  • 1EPD entered into a Seventh Amended and Restated Administrative Services Agreement with EPCO, effective October 1, 2014.
  • 2The agreement amends the existing administrative services arrangement.
  • 3OTLP GP, LLC and Oiltanking Partners, L.P. have been added as parties to the agreement.
  • 4These new parties will receive administrative services from EPCO on the same terms as existing EPD entities.
  • 5The filing was made on October 21, 2014.
  • 6The primary purpose of the amendment is to formally include new subsidiaries under the administrative services umbrella.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the entry into a material definitive agreement, specifically the Seventh Amended and Restated Administrative Services Agreement between Enterprise Products Partners L.P. (and its affiliates) and Enterprise Products Company (EPCO).

The primary change reported is the addition of OTLP GP, LLC and Oiltanking Partners, L.P. as parties to the agreement. These entities will now receive administrative services from EPCO under the same terms as other Enterprise Products entities.

EPCO (Enterprise Products Company) is the entity providing administrative services to Enterprise Products Partners L.P. and its subsidiaries under this agreement. The filing indicates that EPCO will now extend these services to the newly added OTLP GP, LLC and Oiltanking Partners, L.P.

This filing primarily concerns the operational structure for administrative services. While the agreement itself may have underlying cost implications that are likely managed internally and reflected in broader financial reporting, this specific 8-K doesn't directly announce new financing, debt, or equity events that would immediately impact investors. Investors should look to other filings for direct financial performance data or strategic investment updates.