Enterprise Products Partners L.P.

SEC Filings

ENTERPRISE PRODUCTS PARTNERS L P filed this Form 424B5 on 12/01/2017
Entire Document
Table of Contents

Filed Pursuant to Rule 424(b)(5)
Registration No. 333-221397


(To Prospectus dated November 20, 2017)



Enterprise Products Partners L.P.

Up to $2,538,500,000 of Common Units



This prospectus supplement and the accompanying prospectus relate to the offer and sale from time to time of common units representing limited partner interests in Enterprise Products Partners L.P. having an aggregate offering price of up to $2,538,500,000 through the sales agents named in this prospectus supplement.

Our common units to which this prospectus supplement relates generally may be offered and sold through one or more of the sales agents over a period of time and from time to time in transactions that are deemed to be “at-the-market offerings,” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, (the “Exchange Act”) at then-current prices, pursuant to an equity distribution agreement between us and the sales agents (as defined herein) that has been filed with the Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K. Accordingly, an indeterminate number of our common units will be sold up to the number of common units that will result in the receipt of gross proceeds of up to $2,538,500,000. The compensation of each of the sales agents for sales of the common units will be fixed at a commission rate of up to 2.0% of the gross sales price per unit.

Under the terms of the equity distribution agreement, we also may sell common units to any sales agent as principal for its own account at a price agreed upon at the time of the sale. If we sell common units to any such sales agent as principal, we will enter into a separate terms agreement with such sales agent and, if required, we will describe that agreement in a separate prospectus supplement or pricing supplement.

The net proceeds we receive from any sales under this prospectus supplement will be the gross proceeds received from such sales less the commissions and any other costs we may incur in offering the common units. See “Use of Proceeds” and “Plan of Distribution” for further information.

Our common units trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “EPD.” The last reported sales price of our common units on the NYSE on November 30, 2017 was $24.63 per unit.



Investing in our common units involves risk. See “Risk Factors” beginning on page S-3 of this prospectus supplement and on page 3 of the accompanying prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.




  BofA Merrill Lynch
      Credit Suisse
        Deutsche Bank Securities
          DNB Markets
              J.P. Morgan
                Mizuho Securities
                  Morgan Stanley
                      Raymond James
                        RBC Capital Markets
                          Scotia Howard Weil
                            SOCIETE GENERALE
                              SMBC Nikko
                                SunTrust Robinson Humphrey
                                  TD Securities
                                    UBS Investment Bank
                                      U.S. Capital Advisors
                                        Wells Fargo Securities  



The date of this prospectus supplement is December 1, 2017.