Enterprise Products Partners L.P.

SEC Filings

FWP
ENTERPRISE PRODUCTS OPERATING LLC filed this Form FWP on 02/01/2018
Entire Document
 
FWP

Filed Pursuant to Rule 433

Registration No. 333-211317

Registration No. 333-211317-01

February 1, 2018

 

LOGO

The information in this pricing supplement supplements the preliminary prospectus supplement, dated February 1, 2018 (the “Preliminary Prospectus Supplement”) and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement.

 

$750,000,000 2.800% Senior Notes due 2021 (the “2021 Notes”)

$1,250,000,000 4.250% Senior Notes due 2048 (the “2048 Notes”)

Issuer:

  

Enterprise Products Operating LLC

Guarantee:

  

Unconditionally guaranteed by Enterprise Products Partners L.P.

Ratings:*

  

Baa1 by Moody’s Investors Service, Inc.

BBB+ by S&P Global Ratings

BBB+ by Fitch Ratings Inc.

Trade Date:

  

February 1, 2018

Expected Settlement Date:

  

February 15, 2018 (T+10)

Note Type:

  

Senior Unsecured Notes

Legal Format:

  

SEC Registered

Principal Amount:

  

$750,000,000 for the 2021 Notes (Senior Notes TT)

$1,250,000,000 for the 2048 Notes (Senior Notes UU)

Maturity Date:

  

February 15, 2021 for the 2021 Notes

February 15, 2048 for the 2048 Notes

Coupon:

  

2.800% for the 2021 Notes

4.250% for the 2048 Notes

Interest Payment Dates:

  

February 15 and August 15, commencing August 15, 2018 for the 2021 Notes

February 15 and August 15, commencing August 15, 2018 for the 2048 Notes

Price to Public:

  

99.946% for the 2021 Notes

99.865% for the 2048 Notes

Net Proceeds (after underwriting discount and offering expenses):   

$1,981,340,000

Benchmark Treasury:

  

2.000% due January 15, 2021 for the 2021 Notes

2.750% due August 15, 2047 for the 2048 Notes

Benchmark Treasury Yield:

  

2.319% for the 2021 Notes

3.008% for the 2048 Notes