debt
confidence high
sentiment neutral
materiality 0.40
Enterprise Products replaces $1.5B 364-day credit facility, extends multi-year revolver to 2030
ENTERPRISE PRODUCTS PARTNERS L.P.
- New $1.5B 364-day revolver (expandable to $1.7B) matures March 27, 2026; unsecured, guaranteed by Partnership.
- Multi-year revolver maturity extended from March 31, 2028 to March 28, 2030; capacity remains $2.7B ($3.2B with accordion).
- No borrowings outstanding on either revolving credit facility as of March 28, 2025.
- Proceeds for working capital, capex, acquisitions; interest spreads tied to senior debt credit ratings.