|ENTERPRISE PRODUCTS PARTNERS L P filed this Form 424B3 on 02/01/2018|
Filed pursuant to Rule 424(b)(3)
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)
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 NotesOptional 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.
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
The date of this prospectus supplement is February , 2018.