8-KOther Events

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Corporate Update (Apr 4, 2016)

Filed April 4, 2016For Securities:EPDEPDU

Summary

Enterprise Products Partners L.P. (EPD) filed an 8-K on April 4, 2016, reporting on the issuance of common units between January 1, 2016, and April 1, 2016. During this period, the partnership successfully raised approximately $1.58 billion in gross proceeds through its at-the-market (ATM) equity issuance program, its Distribution Reinvestment Plan (DRIP), and an employee unit purchase plan. This issuance activity demonstrates EPD's ability to access capital markets effectively to fund its operations and growth initiatives. Notably, a significant portion of these issuances involved privately held affiliates of Enterprise Products Company (EPCO), which reinvested substantial amounts through the ATM program and the DRIP, indicating continued support from key stakeholders.

Key Highlights

  • 1EPD raised approximately $1.58 billion in gross proceeds from January 1, 2016, to April 1, 2016.
  • 2The capital was raised through the issuance of common units under its at-the-market (ATM) program, Distribution Reinvestment Plan (DRIP), and employee unit purchase plan.
  • 3A total of 66,837,916 common units were issued during this period.
  • 4Privately held affiliates of Enterprise Products Company (EPCO) purchased 3,830,256 common units for approximately $100 million under the ATM program in January 2016.
  • 5EPCO affiliates also reinvested $100 million under the DRIP, acquiring an additional 4,481,504 common units.
  • 6The filing indicates continued strong support and capital commitment from EPCO affiliates.
  • 7This issuance activity suggests EPD's proactive approach to capital raising and potential funding for strategic projects or debt reduction.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report on the issuance of Enterprise Products Partners L.P. common units and the gross proceeds raised from January 1, 2016, to April 1, 2016, under its equity issuance programs.

EPD raised approximately $1.58 billion in gross proceeds during the period from January 1, 2016, to April 1, 2016.

The common units were issued under Enterprise Products Partners L.P.'s at-the-market (ATM) equity issuance program, its Distribution Reinvestment Plan (DRIP), and its employee unit purchase plan.

Yes, privately held affiliates of EPCO were significant participants, purchasing approximately $100 million in units under the ATM program and reinvesting another $100 million under the DRIP.