debt
confidence high
sentiment neutral
materiality 0.65
Enterprise Products launches $2.5B senior notes offering; refinances 2025 maturities
ENTERPRISE PRODUCTS PARTNERS L.P.
- Issues $1.1B of 4.95% senior notes due 2035 and $1.4B of 5.55% senior notes due 2055.
- Net proceeds to fund general corporate purposes and repay $1.15B of 3.75% notes maturing Feb 2025.
- Notes fully guaranteed by Enterprise Products Partners L.P.; closing scheduled for Aug 8, 2024.
- Underwriters led by Mizuho, Barclays, BMO, SMBC Nikko, and Wells Fargo.