8-KOther EventsExhibits & Filings

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Mar 19, 2015)

Filed March 19, 2015For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed an 8-K on March 19, 2015, reporting on a significant transaction that occurred on March 13, 2015. A privately owned affiliate of EPD's general partner, Enterprise Products Company, purchased approximately $100 million worth of EPD common units. This equates to 3,225,057 common units acquired at a price of $31.01 per unit. The sale was conducted under an existing at-the-market equity issuance program, utilizing an effective registration statement filed with the SEC. The company issued a press release on March 16, 2015, detailing this transaction. This filing provides transparency for investors regarding unit repurchases or acquisitions by affiliated entities, which can be viewed as a signal of confidence in the partnership's value.

Key Highlights

  • 1Affiliate of General Partner Purchased EPD Common Units: Enterprise Products Company's subsidiary acquired 3,225,057 common units.
  • 2Significant Investment Value: The transaction involved approximately $100 million in common units.
  • 3Purchase Price: Units were acquired at $31.01 per unit.
  • 4Under At-the-Market Program: The sale was part of an established equity issuance program.
  • 5SEC Registration in Place: The transaction was made under an effective registration statement (File No. 333-191514).
  • 6Publicly Announced: EPD issued a press release on March 16, 2015, to disclose the transaction.

Frequently Asked Questions

A privately owned affiliate of the general partner of Enterprise Products Partners L.P., specifically a wholly owned subsidiary of Enterprise Products Company, purchased the units.

Approximately $100 million worth of common units were purchased, at a price of $31.01 per unit.

The units were purchased under the Partnership's existing at-the-market equity issuance program, facilitated by an effective registration statement previously filed with the SEC.

This transaction is being reported as an 'Other Event' under Form 8-K to provide transparency to investors regarding a significant purchase of the Partnership's common units by an affiliated entity, signaling confidence in the company.