secwatch / observer
8-K filed March 29, 2024, 7:59 PM ET ticker EPD CIK 0001061219
debt confidence high sentiment neutral materiality 0.15

ENTERPRISE PRODUCTS PARTNERS L.P. (EPD): debt financing — Enterprise Products renews $1.5B 364-day credit facility, replaces March 2023 agreement

ENTERPRISE PRODUCTS PARTNERS L.P.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENTERPRISE PRODUCTS PARTNERS L.P. incurred revolving credit of up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election, provided certain con with Citibank, N.A., as Administrative Agent maturing March 28, 2025.

Instrument
revolving credit
Principal
up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election, provided certain con
Counterparty
Citibank, N.A., as Administrative Agent
Maturity
March 28, 2025
Event
incurrence
Exact text from the filing
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
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ENTERPRISE PRODUCTS PARTNERS L.P. entered into 364-Day Revolving Credit Agreement with Citibank, N.A., as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents valued at $1.5 billion (effective 2024-03-29).

Action
entry
Agreement
credit facility
Counterparty
Citibank, N.A., as Administrative Agent, and certain financial institutions named therein, as Co-Syndication Agents and Co-Documentation Agents
Value
$1.5 billion
Effective
2024-03-29
Exact text from the filing
On March 29, 2024, 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”).
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

ENTERPRISE PRODUCTS PARTNERS L.P. filing history →

Source: SEC EDGAR
accession 0001193125-24-082054
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