---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-088132"
form_type: "8-K"
ticker: "EPD"
cik: "0001061219"
company_name: "ENTERPRISE PRODUCTS PARTNERS L.P."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T07:34:01.474677+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# EPO enters $1.5B 364-day and $2.7B five-year revolving credit facilities

## Summary
- $1.5B 364-day facility (expandable to $1.7B) matures March 29, 2024, with possible 1-year term loan extension.
- $2.7B five-year facility (expandable to $3.2B) matures March 31, 2028; extendable with lender consent.
- Facilities are unsecured, guaranteed by EPD; proceeds for working capital, capex, acquisitions, and other purposes.
- No borrowings outstanding under the new facilities as of March 31, 2023.

## SEC filing metadata
- accession: 0001193125-23-088132
- form_type: 8-K
- ticker: EPD
- cik: 0001061219
- company_name: ENTERPRISE PRODUCTS PARTNERS L.P.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/d459179d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-088132
- JSON: https://secwatch.observer/filing/0001193125-23-088132.json
- Plain text: https://secwatch.observer/filing/0001193125-23-088132.txt

## Key facts
- Debt Financings
  ENTERPRISE PRODUCTS PARTNERS L.P. incurred revolving credit of $2.7 billion with Wells Fargo Bank, National Association maturing March 31, 2028.
  - Instrument: revolving credit
  - Principal: $2.7 billion
  - Counterparty: Wells Fargo Bank, National Association
  - Maturity: March 31, 2028
  - Event: incurrence
  source text: On March 31, 2023, EPO entered into a Revolving Credit Agreement among EPO, as Borrower, the Lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents (the “Multi-Year Credit Agreement”). Under the terms of the Multi-Year Credit Agreement, EPO may borrow up to $2.7 billion (which may be increased by up to $500 million to $3.2 billion at EPO’s election, provided certain conditions are met) at a variable interest rate for a term of five years, subject to the terms and conditions set forth therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- Debt Financings
  ENTERPRISE PRODUCTS PARTNERS L.P. incurred revolving credit of $1.5 billion with Citibank, N.A. maturing March 29, 2024.
  - Instrument: revolving credit
  - Principal: $1.5 billion
  - Counterparty: Citibank, N.A.
  - Maturity: March 29, 2024
  - Event: incurrence
  source text: On March 31, 2023, Enterprise Products Operating LLC, a Texas limited liability company (“EPO”) and the operating subsidiary of Enterprise Products Partners L.P., a Delaware limited partnership (the “Partnership”), entered into a 364-Day Revolving Credit Agreement among EPO, as Borrower, the Lenders party thereto, Citibank, N.A., as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents (the “364-Day Credit Agreement”). Under the terms of the 364-Day Credit Agreement, EPO may borrow up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election, provided certain conditions are met) at a variable interest rate for a term of 364 days, subject to the terms and conditions set forth therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- Material Agreements
  ENTERPRISE PRODUCTS PARTNERS L.P. entered into Multi-Year Revolving Credit Agreement with Wells Fargo Bank, National Association valued at up to $2.7 billion (which may be increased by up to $500 million to $3.2 billion at EPO’s election, (effective 2023-03-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: up to $2.7 billion (which may be increased by up to $500 million to $3.2 billion at EPO’s election,
  - Effective: 2023-03-31
  source text: On March 31, 2023, EPO entered into a Revolving Credit Agreement among EPO, as Borrower, the Lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents (the “Multi-Year Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- Material Agreements
  ENTERPRISE PRODUCTS PARTNERS L.P. entered into 364-Day Guaranty Agreement with Enterprise Products Partners L.P. valued at Guaranty of the Partnership for EPO's obligations under the 364-Day Credit Agreement (effective 2023-03-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Enterprise Products Partners L.P.
  - Value: Guaranty of the Partnership for EPO's obligations under the 364-Day Credit Agreement
  - Effective: 2023-03-31
  source text: EPO’s obligations under the 364-Day Credit Agreement are not secured by any collateral; however, they are guaranteed by the Partnership pursuant to a Guaranty Agreement (the “364-Day Guaranty Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- Material Agreements
  ENTERPRISE PRODUCTS PARTNERS L.P. entered into Multi-Year Guaranty Agreement with Enterprise Products Partners L.P. valued at Guaranty of the Partnership for EPO's obligations under the Multi-Year Credit Agreement (effective 2023-03-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Enterprise Products Partners L.P.
  - Value: Guaranty of the Partnership for EPO's obligations under the Multi-Year Credit Agreement
  - Effective: 2023-03-31
  source text: EPO’s obligations under the Multi-Year Credit Agreement are not secured by any collateral; however, they are guaranteed by the Partnership pursuant to a Guaranty Agreement (the “Multi-Year Guaranty Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm
- Material Agreements
  ENTERPRISE PRODUCTS PARTNERS L.P. entered into 364-Day Revolving Credit Agreement with Citibank, N.A. valued at up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election, (effective 2023-03-31).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election,
  - Effective: 2023-03-31
  source text: On March 31, 2023, Enterprise Products Operating LLC, a Texas limited liability company (“EPO”) and the operating subsidiary of Enterprise Products Partners L.P., a Delaware limited partnership (the “Partnership”), entered into a 364-Day Revolving Credit Agreement among EPO, as Borrower, the Lenders party thereto, Citibank, N.A., as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents (the “364-Day Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061219/000119312523088132/0001193125-23-088132-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.