Enterprise Products Partners L.P.

SEC Filings

424B3
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 424B3 on 02/01/2018
Entire Document
 
424B3
Table of Contents

Filed pursuant to Rule 424(b)(3)
Registration No. 333-211317

 

The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities, and we not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

 

SUBJECT TO COMPLETION, DATED FEBRUARY 1, 2018

PRELIMINARY PROSPECTUS SUPPLEMENT

(To Prospectus dated May 12, 2016)

 

LOGO

Enterprise Products Operating LLC

$                    % Senior Notes due 20    

$                    % Senior Notes due 20    

Unconditionally Guaranteed by

Enterprise Products Partners L.P.

 

 

This prospectus supplement relates to our offering of two series of senior notes. The senior notes due 20     , which we refer to as “20     notes,” will bear interest at the rate of     % per year and will mature on                 , 20     . The senior notes due 20     , which we refer to as “20     notes,” will bear interest at the rate of     % per year and will mature on                 , 20     . We refer to the 20     notes and the 20     notes, collectively, as the “notes.”

We will pay interest on the 20     notes on                 and                 of each year, beginning on                 , 2018. We will pay interest on the 20     notes on                 and                 of each year, beginning on                 , 2018.

We may redeem some or all of the notes at any time at the applicable redemption prices described in “Description of the Notes—Optional Redemption.”

The notes are unsecured and will rank equally with all other existing and future unsubordinated indebtedness of Enterprise Products Operating LLC (successor to Enterprise Products Operating L.P.). The notes will be guaranteed by our parent, Enterprise Products Partners L.P., and in certain circumstances may be guaranteed in the future on the same basis by one or more subsidiary guarantors.

Concurrently with this offering, we are offering subordinated notes (the “concurrent subordinated notes offering”) by means of a separate prospectus supplement and not by means of this prospectus supplement. The completion of this offering is not contingent on completion of the concurrent subordinated notes offering described herein, and the completion of the concurrent subordinated notes offering is not contingent on the completion of this offering.

The notes will not be listed on any securities exchange.

Investing in the notes involves certain risks. See “Risk Factors” beginning on page S-11 of this prospectus supplement and on page 3 of the accompanying prospectus.

Neither the United States 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.

 

     20     Notes      20     Notes  
     Per note     Total      Per note     Total  

Public Offering Price(1)

                    $                                    $               

Underwriting Discount

                    $                       $               

Proceeds to Enterprise Products

         

Operating LLC (before expenses)

                    $                       $               

 

(1) Plus accrued interest from February     , 2018, if settlement occurs after that date.

The underwriters expect to deliver the notes in book-entry form only, through the facilities of The Depository Trust Company, against payment on or about February     , 2018.

Joint Book-Running Managers

 

J.P. Morgan
                BofA Merrill Lynch
                                Deutsche Bank Securities
                                                 Scotiabank
                                                                 DNB Markets
                                                                              Morgan Stanley
                                                                                      SOCIETE GENERALE
                                                                                                            TD Securities

The date of this prospectus supplement is February     , 2018.