HOUSTON -- (Business Wire)
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
commencement of a public offering of 8,000,000 common units representing
limited partner interests in the partnership. Enterprise also intends to
grant the underwriters a 30-day option to purchase up to 1,200,000
additional common units to cover over-allotments, if any. Enterprise
will use the net proceeds from this offering, including any exercise of
the over-allotment option by the underwriters, for general partnership
purposes, which may include repayment of debt, including the repayment
of amounts outstanding under its multi-year revolving credit facility or
commercial paper program, working capital, capital expenditures and
acquisitions.
Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley,
UBS Investment Bank and Wells Fargo Securities are 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.
A copy of the preliminary prospectus supplement and related base
prospectus may also be obtained from the underwriters as follows:
Barclays
c/o Broadridge Financial Solutions
1155 Long Island
Avenue
Edgewood, NY 11717
Toll-free number: (888) 603-5847
Barclaysprospectus@broadridge.com
BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New
York, NY 10038
Email: dg.prospectus_requests@baml.com
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island
Avenue
Edgewood, NY 11717
Toll-free number: (800) 831-9146
batprospectusdept@citi.com
J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long
Island Avenue
Edgewood, New York 11717
Toll-free number: (866)
803-9204
Morgan Stanley
Attn: Prospectus Dept.
180 Varick Street, 2nd
floor
New York, NY 10014
Toll-free number: (866) 718-1649
prospectus@morganstanley.com
UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New
York, NY 10171
Toll-Free number: (888) 827-7275
Wells Fargo Securities
Attention: Equity Syndicate Dept.
375
Park Ave.
New York, NY 10152
Toll-free number: (800) 326-5897
Email:
cmclientsupport@wellsfargo.com
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the common units described herein, nor
shall there be any sale of these common units 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 and refined products transportation, storage and terminals;
offshore production platforms; petrochemical transportation and
services; and a marine transportation business that operates primarily
on the United States inland and Intracoastal Waterway systems and in the
Gulf of Mexico. The partnership’s assets include approximately 50,000
miles of onshore and offshore pipelines; 200 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals; and
14 billion cubic feet of natural gas storage capacity.
Contacts:
Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812
or (866) 230-0745
Investor Relations
or
Rick Rainey,
(713) 381-3635
Media Relations
Source: Enterprise Products Partners L.P.