Enterprise Products Partners L.P.

SEC Filings

8-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 8-K on 02/07/2018
Entire Document
 


Schedule IV

 

   LOGO          

Filed Pursuant to Rule 433

Registration No. 333-211317

Registration No. 333-211317-01

February 1, 2018

 

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.

 

$700,000,000 5.375% Junior Subordinated Notes F due 2078 (the “Notes”)
Issuer:    Enterprise Products Operating LLC (“EPO”)
Guarantee:    The Notes will be unconditionally guaranteed on a subordinated basis by Enterprise Products Partners L.P.
Trade Date:    February 1, 2018
Expected Settlement Date:    February 15, 2018 (T+10)
Note Type:    Junior Subordinated Notes
Legal Format:    SEC Registered
Principal Amount:    $700,000,000
Over-allotment Option:    None
Price to Public:    100.000%
Maturity Date:    February 15, 2078
Interest Rate During Fixed Rate Period:    5.375% up to, but not including, February 15, 2028
Interest Rate During Floating Rate Period:    From, and including, February 15, 2028, at a floating rate based on three month LIBOR, plus 257 basis points, reset quarterly
Optional Deferral:    Up to 10 consecutive years per deferral
Optional Redemption:    Redeemable, in whole or in part, on or after February 15, 2028 at 100% of the principal amount, plus any accrued or unpaid interest
Call for Tax Event:    Prior to February 15, 2028, at any time at 100% of the principal amount, plus any accrued and unpaid interest
Call for Rating Agency Event:    Prior to February 15, 2028, at any time at 102% of the principal amount, plus any accrued and unpaid interest
Interest Payment Dates During Fixed Rate Period:    Semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2018

 

Schedule IV - 1