debt
confidence high
sentiment neutral
materiality 0.70
Enterprise Products prices $2B dual-tranche senior notes offering (4.60% due 2027, 4.85% due 2034)
ENTERPRISE PRODUCTS PARTNERS L.P.
- Offers $1.0B 4.60% senior notes due 2027 and $1.0B 4.85% senior notes due 2034, guaranteed by EPD.
- Closing expected Jan 11, 2024; net proceeds to repay $850M 3.90% Senior Notes JJ due 2024 and commercial paper.
- Use of proceeds also includes funding growth capital investments and general company purposes.
- Underwriters: MUFG, Citigroup, Credit Agricole, PNC, TD Securities.