Enterprise Products Partners Prices $500 Million of Senior Notes

* Reuters is not responsible for the content in this press release.

Mon Jun 1, 2009 2:00pm EDT

HOUSTON--(Business Wire)--
Enterprise Products Partners L.P. (NYSE: EPD) today announced that its operating
subsidiary, Enterprise Products Operating LLC, has priced a public offering of
$500 million of senior unsecured notes due 2012. The proceeds from the offering
are expected to be used to repay all amounts outstanding under the partnership`s
$200 million term loan, to temporarily reduce borrowings outstanding under the
partnership`s Multi-Year Revolving Credit Facility and for general partnership
purposes. 

The notes will be issued at 99.95 percent of their principal amount and will
have a fixed-rate interest coupon of 4.60 percent and a maturity date of August
1, 2012. The expected settlement date for the offering is June 10, 2009.
Enterprise Products Partners L.P. will guarantee the notes through an
unconditional guarantee on an unsecured and unsubordinated basis. 

Barclays Capital Inc., DnB NOR Markets Inc., Mizuho Securities USA Inc., RBS
Securities Inc., Scotia Capital (USA) Inc., Wachovia Capital Markets, LLC and
SunTrust Robinson Humphrey, Inc. acted as joint book-running managers for the
offering. An investor may obtain a free copy of the prospectus as supplemented
by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer,
any underwriter or dealer participating in this offering will arrange to send a
prospectus as supplemented to an investor if requested by contacting Barclays
Capital Inc. at Broadridge Prospectus Fulfillment, 1155 Long Island Avenue,
Edgewood, NY, 11717, or by calling Barclays Capital Inc. at 1-888-227-2275 (ext.
2663), DnB NOR Markets, Inc. at 1-212-681-3800, Mizuho Securities USA Inc. at
1-800-221-8866 (ext. 3143), RBS Securities Inc. at 1-866-884-2071, Scotia
Capital (USA) Inc. at 1-800-372-3930, Wachovia Capital Markets, LLC at
1-800-326-5897 or SunTrust Robinson Humphrey, Inc. at 1-800-685-4786. 

This press release does not constitute an offer to sell or a solicitation of an
offer to buy the senior notes described in this press release, nor shall there
be any sale of these senior notes in any state or jurisdiction in which such an
offer solicitation or sale would be unlawful prior to qualification under the
securities laws of any such jurisdiction. The offer is being made only through
the prospectus as supplemented, which is part of a shelf registration statement
that became effective on August 27, 2007. 

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and is a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil and
petrochemicals. Enterprise transports natural gas, NGLs, crude oil and
petrochemical products through more than 36,000 miles of onshore and offshore
pipelines. Services include natural gas gathering, processing, transportation
and storage; NGL fractionation (or separation), transportation, storage and
import and export terminaling; crude oil transportation and offshore production
platform services; and petrochemical transportation and storage services. For
more information about the partnership, visit www.epplp.com. Enterprise Products
Partners L.P. is managed by its general partner, Enterprise Products GP, LLC,
which is wholly-owned by Enterprise GP Holdings L.P. (NYSE: EPE). For more
information on Enterprise GP Holdings L.P., visit its website at
www.enterprisegp.com. 



Enterprise Products Partners L.P., Houston
Randy Burkhalter, 713-381-6812 or 866-230-0745
Investor Relations
or
Rick Rainey, 713-381-3635
Media Relations

Copyright Business Wire 2009

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