Enterprise Products prices $1.5 billion debt offering

Enterprise Products Partners L.P. has announced the pricing of a $1.5 billion senior note offering by its operating subsidiary, Enterprise Products Operating LLC. The offering includes $750 million in notes maturing in 2032 and $750 million in notes maturing in 2037, with respective interest rates of 5.20% and 5.65%. The company plans to utilize the net proceeds for growth investments, acquisitions, and debt repayment, including the repayment of existing senior notes maturing in 2027 and commercial paper program balances.

MUFG Securities Americas Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC, SG Americas Securities, LLC, and U.S. Bancorp Investments, Inc. served as joint book-running managers. Enterprise Products Partners L.P. provides midstream energy services in North America, operating over 50,000 miles of pipelines and 300 million barrels of storage capacity.

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