What is the primary purpose of this 8-K filing?

This 8-K filing reports on the entry into a material definitive agreement related to the completion of a public offering of $3.0 billion in senior notes by Enterprise Products Operating LLC, guaranteed by Enterprise Products Partners L.P.

What are the key terms of the newly issued senior notes?

The offering includes $1.0 billion of 2.800% senior notes due 2030, $1.0 billion of 3.700% senior notes due 2051, and $1.0 billion of 3.950% senior notes due 2060. Interest is paid semi-annually, and the notes have specific redemption provisions, including make-whole premiums and par call dates.

How does this debt issuance impact Enterprise Products Partners L.P.?

This issuance signifies EPD's continued ability to access capital markets effectively to fund its operations and growth strategies. The guarantee from the parent partnership underscores the financial commitment and stability supporting the debt.

Where can investors find more detailed information about these notes?

Detailed information, including the terms of the Securities, the Original Indenture, and the Supplemental Indentures, is incorporated by reference from previous filings and available exhibits filed with this 8-K, specifically under the Prospectus and associated indenture documents.

EPD/EPDU 8-K: Material Agreements

Summary

Enterprise Products Partners L.P. (EPD) announced the completion of a significant public offering of senior notes on January 15, 2020, raising a total of $3.0 billion. The offering consisted of three tranches: $1.0 billion of 2.800% senior notes due 2030, $1.0 billion of 3.700% senior notes due 2051, and $1.0 billion of 3.950% senior notes due 2060. These notes are guaranteed by the Partnership, indicating a strong commitment and financial backing for the debt issuance. The proceeds from this offering are intended to support the company's ongoing operations and strategic initiatives, reflecting EPD's continued access to capital markets.

Key Highlights

1Completed a $3.0 billion public offering of senior notes.
2The offering comprises three tranches with varying maturities: 2030, 2051, and 2060.
3Issued senior notes with coupon rates of 2.800%, 3.700%, and 3.950%.
4The notes are guaranteed by Enterprise Products Partners L.P. on an unsecured and unsubordinated basis.
5The issuance was registered under the Securities Act of 1933 via a Form S-3 registration statement.
6The terms of the notes are detailed in supplemental indentures, including redemption provisions with make-whole premiums and par call options.

ENTERPRISE PRODUCTS PARTNERS L.P. 8-K Report, Material Agreement (Jan 15, 2020)

Summary

Key Highlights

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