Enterprise Prices $750 Million of Senior Unsecured Notes

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Enterprise Products Partners L.P.
EPD
today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $750 million of senior unsecured notes due on August 15, 2042. The net proceeds from the offering are expected to be used to temporarily reduce borrowings under EPO's multi-year revolving credit facility (which we expect to use to repay outstanding amounts on the maturity of our $490.5 million principal amount of 7.625 percent senior notes S due February 2012 and our $9.5 million principal amount of TEPPCO 7.625 percent senior notes due February 2012 prior to the expected delivery of the notes) and for general company purposes.
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