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

USE OF PROCEEDS

We will receive aggregate net proceeds of approximately $691.8 million from the sale of the notes to the underwriters after deducting the underwriting discount and other estimated offering expenses payable by us. We expect to use the net proceeds of this offering for the repurchase or redemption of all or a portion of the Junior Subordinated Notes B and for general company purposes.

As of January 31, 2018, we had $682.7 million in principal amount of our Junior Subordinated Notes B outstanding, which bear interest at a rate equal to the greater of 7.034% or a variable rate reset quarterly and based on 3-month LIBOR plus 2.680%.

Affiliates of certain of the underwriters may hold our Junior Subordinated Notes B to be repaid or redeemed with proceeds from this offering and, accordingly, may receive a substantial portion of the net proceeds of this offering. Please read “Underwriting—Conflicts of Interest.”

 

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