Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 8.  Debt Obligations

The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated:

 
 
December 31,
 
 
 
2017
   
2016
 
EPO senior debt obligations:
           
Commercial Paper Notes, variable-rates
 
$
1,755.7
   
$
1,777.2
 
Senior Notes L, 6.30% fixed-rate, due September 2017
   
--
     
800.0
 
Senior Notes V, 6.65% fixed-rate, due April 2018
   
349.7
     
349.7
 
Senior Notes OO, 1.65% fixed-rate, due May 2018
   
750.0
     
750.0
 
364-Day Revolving Credit Agreement, variable-rate, due September 2018
   
--
     
--
 
Senior Notes N, 6.50% fixed-rate, due January 2019
   
700.0
     
700.0
 
Senior Notes LL, 2.55% fixed-rate, due October 2019
   
800.0
     
800.0
 
Senior Notes Q, 5.25% fixed-rate, due January 2020
   
500.0
     
500.0
 
Senior Notes Y, 5.20% fixed-rate, due September 2020
   
1,000.0
     
1,000.0
 
Senior Notes RR, 2.85% fixed-rate, due April 2021
   
575.0
     
575.0
 
Senior Notes CC, 4.05% fixed-rate, due February 2022
   
650.0
     
650.0
 
Multi-Year Revolving Credit Facility, variable-rate, due September 2022
   
--
     
--
 
Senior Notes HH, 3.35% fixed-rate, due March 2023
   
1,250.0
     
1,250.0
 
Senior Notes JJ, 3.90% fixed-rate, due February 2024
   
850.0
     
850.0
 
Senior Notes MM, 3.75% fixed-rate, due February 2025
   
1,150.0
     
1,150.0
 
Senior Notes PP, 3.70% fixed-rate, due February 2026
   
875.0
     
875.0
 
Senior Notes SS, 3.95% fixed-rate, due February 2027
   
575.0
     
575.0
 
Senior Notes D, 6.875% fixed-rate, due March 2033
   
500.0
     
500.0
 
Senior Notes H, 6.65% fixed-rate, due October 2034
   
350.0
     
350.0
 
Senior Notes J, 5.75% fixed-rate, due March 2035
   
250.0
     
250.0
 
Senior Notes W, 7.55% fixed-rate, due April 2038
   
399.6
     
399.6
 
Senior Notes R, 6.125% fixed-rate, due October 2039
   
600.0
     
600.0
 
Senior Notes Z, 6.45% fixed-rate, due September 2040
   
600.0
     
600.0
 
Senior Notes BB, 5.95% fixed-rate, due February 2041
   
750.0
     
750.0
 
Senior Notes DD, 5.70% fixed-rate, due February 2042
   
600.0
     
600.0
 
Senior Notes EE, 4.85% fixed-rate, due August 2042
   
750.0
     
750.0
 
Senior Notes GG, 4.45% fixed-rate, due February 2043
   
1,100.0
     
1,100.0
 
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
 
TEPPCO senior debt obligations:
               
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
   
21,605.7
     
22,427.2
 
EPO Junior Subordinated Notes A, fixed/variable-rate, due August 2066 (1)
   
521.1
     
521.1
 
EPO Junior Subordinated Notes C, fixed/variable-rate, due June 2067 (2)
   
256.4
     
256.4
 
EPO Junior Subordinated Notes B, fixed/variable-rate, due January 2068 (3)
   
682.7
     
682.7
 
EPO Junior Subordinated Notes D, fixed/variable-rate, due August 2077 (4)
   
700.0
     
--
 
EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077 (5)
   
1,000.0
     
--
 
TEPPCO Junior Subordinated Notes, fixed/variable-rate, due June 2067 
   
14.2
     
14.2
 
Total principal amount of senior and junior debt obligations
   
24,780.1
     
23,901.6
 
Other, non-principal amounts
   
(211.4
)
   
(203.9
)
Less current maturities of debt
   
(2,855.0
)
   
(2,576.8
)
Total long-term debt
 
$
$ 21,713.7
   
$
$ 21,120.9
 
   
(1)   Variable rate is reset quarterly and based on 3-month LIBOR plus 3.708%.
(2)   Fixed rate of 7.000% through May 31, 2017; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.778%.
(3)   Fixed rate of 7.034% through January 14, 2018; thereafter, the rate will be the greater of 7.034% or a variable rate reset quarterly and based on 3-month LIBOR plus 2.680%. These notes are expected to be redeemed in March 2018 (see Note 22).
(4)   Fixed rate of 4.875% through August 15, 2022; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 2.986%.
(5)   Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month LIBOR plus 3.033%.
 

See Note 22, Subsequent Events, for information regarding the issuance of Senior Notes TT and UU and Junior Subordinated Notes F in February 2018 and the expected redemption of Junior Subordinated Notes B in March 2018.
F-31