Enterprise Prices $2 Billion in Senior Notes for Debt Repayment, Growth
6/19/2025
(P&GJ) — Enterprise Products Partners L.P. has priced a public offering of $2 billion in senior notes through its operating subsidiary, Enterprise Products Operating LLC.
The offering includes:
- $500 million in senior notes due June 20, 2028, with a 4.30% coupon
- $750 million due January 15, 2031, with a 4.60% coupon
- $750 million due January 15, 2036, with a 5.20% coupon
The notes will be issued at discounts to face value and are backed by an unsecured, unsubordinated guarantee from Enterprise Products Partners.
Enterprise said it plans to use the proceeds for general purposes, including growth capital investments, acquisitions, and debt repayment—specifically amounts under its commercial paper program.
The offering is expected to close on June 20, 2025, pending customary closing conditions. The joint book-running managers are Citigroup, BBVA Securities, Deutsche Bank, Scotia Capital, and TD Securities.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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