Enterprise Products Partners L.P.

SEC Filings

424B5
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 424B5 on 02/02/2018
Entire Document
 


Table of Contents
     As of September 30, 2017  
     Historical     As Adjusted  
     (Unaudited)
(Dollars in Millions)
 

Senior Notes II, 4.85% fixed-rate, due March 2044

     1,400.0       1,400.0  

Senior Notes KK, 5.10% fixed-rate, due February 2045

     1,150.0       1,150.0  

Senior Notes QQ, 4.90% fixed-rate, due May 2046

     975.0       975.0  

Senior Notes NN, 4.95% fixed-rate, due October 2054

     400.0       400.0  

Senior Notes TT, 2.80% fixed-rate, due February 2021 (the “2021 notes”)

     —         750.0  

Senior Notes UU, 4.25% fixed-rate, due February 2048 (the “2048 notes”)

     —         1,250.0  

TEPPCO senior debt obligations (4):

    

TEPPCO Senior Notes, 6.65% fixed-rate, due April 2018

     0.3       0.3  

TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038

     0.4       0.4  
  

 

 

   

 

 

 

Total principal amount of senior debt obligations

     21,760.0       21,850.0  

Enterprise Junior Subordinated Notes A, fixed/variable-rate, due August 2066

     521.1       521.1  

Enterprise Junior Subordinated Notes C, fixed/variable-rate, due June 2067

     256.4       256.4  

Enterprise Junior Subordinated Notes B, fixed/variable-rate, due January 2068

     682.7       —    

EPO Junior Subordinated Notes D, fixed/variable-rate, due August 2077

     700.0       700.0  

EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077

     1,000.0       1,000.0  

EPO Junior Subordinated Notes F, fixed/variable-rate, due February 2078 (5)

     —         700.0  

TEPPCO Junior Subordinated Notes, fixed/variable-rate, due June 2067

     14.2       14.2  
  

 

 

   

 

 

 

Total principal amount of senior and junior debt obligations

     24,934.4       25,041.7  
  

 

 

   

 

 

 

Total other, non-principal amounts

     (214.5     (231.4
  

 

 

   

 

 

 

Total debt obligations, including current maturities

     24,719.9       24,810.3  
  

 

 

   

 

 

 

Equity:

    

Partners’ equity

     22,330.6       22,322.7  

Noncontrolling interest

     218.3       218.3  
  

 

 

   

 

 

 

Total equity

     22,548.9       22,541.0  
  

 

 

   

 

 

 

Total debt and equity

   $ 47,268.8     $ 47,351.3  
  

 

 

   

 

 

 

 

(1) As of January 31, 2018, we had $1.8 billion in principal amount of short-term notes outstanding under our commercial paper program, which had a weighted-average maturity of 30 days.
(2) As of January 31, 2018, we had no borrowings outstanding under our 364-day credit agreement.
(3) As of January 31, 2018, we had no borrowings outstanding under our multi-year revolving credit facility.
(4) Enterprise Parent acts as guarantor of the consolidated debt obligations of Enterprise with the exception of the remaining debt obligations of TEPPCO Partners, L.P. (“TEPPCO”). If we were to default on any of our guaranteed debt, Enterprise Parent would be responsible for full repayment of that obligation.
(5) The closing of this offering is not conditioned on the closing of the concurrent subordinated notes offering, and the concurrent subordinated notes offering is not conditioned on the closing of this offering.

 

S-17