Enterprise prices $1.25 billion of senior unsecured notes – press release – digital journal

HOUSTON–(Business Wire)–Enterprise Products Partners L. P. (NYSE: EPD) today announced that its

operating subsidiary, Enterprise Products Operating LLC (“EPO”), has

priced a public offering of $1.25 billion of senior unsecured notes

comprised of $575 million due April 15, 2021 (“Senior Notes RR”), $575

million due February 15, 2027 (“Senior Notes SS”), and $100 million due

May 15, 2046 (“Reopened Senior Notes QQ”). We expect to use the net

proceeds of this offering for the repayment of debt, including the

repayment of amounts outstanding under our commercial paper program

(which we used to repay amounts outstanding on the maturity of EPO’s

$750 million principal amount of Senior Notes AA due February 2016), and

for general company purposes.

Senior Notes RR will be issued at 99.898 percent of their principal

amount and will have a fixed-rate interest coupon of 2.85 percent.

Senior Notes SS will be issued at 99.760 percent of their principal

amount and will have a fixed-rate interest coupon of 3.95 percent. The

Reopened Senior Notes QQ, which have a fixed-rate interest coupon of

4.90 percent, will be issued at 95.516 percent of their principal amount

and will have identical terms, be fungible with and be a part of a

single series of senior debt securities together with the $875 million

of Senior Notes QQ issued on May 7, 2015. The expected settlement date

for the offering is April 13, 2016. Enterprise Products Partners L. P.

will guarantee the senior notes through an unconditional guarantee on an

unsecured and unsubordinated basis.

J. P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith

Incorporated, Citigroup Global Markets Inc., Deutsche Bank Securities

Inc., DNB Markets, Inc., and Scotia Capital (USA) Inc. acted as joint

book-running managers for the offering. An investor may obtain a free

copy of the prospectus as supplemented by visiting EDGAR on the SEC

website at www. sec. gov.

Alternatively, the issuer or any underwriter or dealer participating in

this offering will arrange to send a prospectus as supplemented to an

investor if requested by contacting J. P. Morgan Securities LLC at (212)

834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated at (800)

294-1322, or Citigroup Global Markets Inc. at (800) 831-9146.

This press release shall not constitute an offer to sell or the

solicitation of an offer to buy the senior notes described in this press

release, nor shall there be any sale of these notes in any state or

jurisdiction in which such an offer, solicitation or sale would be

unlawful prior to registration or qualification under the securities

laws of any such jurisdiction. The offering is being made only by means

of a prospectus and related prospectus supplement, which are part of an

effective registration statement.

Enterprise Products Partners L. P. is one of the largest publicly traded

partnerships and a leading North American provider of midstream energy

services to producers and consumers of natural gas, NGLs, crude oil,

refined products and petrochemicals. Our services include: natural gas

gathering, treating, processing, transportation and storage; NGL

transportation, fractionation, storage and import and export terminals;

crude oil gathering, transportation, storage and terminals;

petrochemical and refined products transportation, storage and

terminals; and a marine transportation business that operates primarily

on the United States inland and Intracoastal Waterway systems. The

partnership’s assets include approximately 49,000 miles of pipelines;

250 million barrels of storage capacity for NGLs, crude oil, refined

products and petrochemicals; and 14 billion cubic feet of natural gas

storage capacity.

View source version on businesswire. com: http://www. businesswire. com/news/home/20160404006615/en/

Enterprise Products Partners L. P.

Randy Burkhalter, (713)

381-6812 or (866) 230-0745

Investor Relations



Rainey, (713) 381-3635

Media Relations