Enterprise Products Partners L.P. Sells Additional Common Units

Tue Feb 5, 2013 6:20pm EST

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


HOUSTON--(Business Wire)--
Enterprise Products Partners L.P. (NYSE:EPD) today announced that the
underwriters of its common unit offering, which priced this morning, have
exercised their full over-allotment option to purchase 1,200,000 additional
common units. These units represent limited partner interests in Enterprise and
were priced to the public at $54.56 per common unit. 

Net proceeds from the sale of the additional 1,200,000 common units will
approximate $63.5 million after deducting underwriting discounts, commissions
and offering expenses. The total net proceeds from the offering, including the
exercise of the over-allotment option, will approximate $487 million. Enterprise
intends to use the net proceeds for general partnership purposes, which may
include repayment of debt, including the repayment of amounts outstanding under
its multi-year revolving credit facility or commercial paper program, working
capital, capital expenditures and acquisitions. 

Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley, UBS
Investment Bank and Wells Fargo Securities are 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. A copy of the
preliminary prospectus supplement and related base prospectus may also be
obtained from the underwriters as follows: 

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (888) 603-5847

BofA Merrill Lynch
Attn: Prospectus Department
222 Broadway
New York, NY 10038
Email: dg.prospectus_requests@baml.com

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (800) 831-9146

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free number: (866) 803-9204 

Morgan Stanley
Attn: Prospectus Dept.
180 Varick Street, 2nd floor
New York, NY 10014
Toll-free number: (866) 718-1649

UBS Investment Bank
Attn: Prospectus Dept.
299 Park Avenue
New York, NY 10171
Toll-Free number: (888) 827-7275 

Wells Fargo Securities
Attention: Equity Syndicate Dept.
375 Park Ave.
New York, NY 10152
Toll-free number: (800) 326-5897
Email: cmclientsupport@wellsfargo.com

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the common units described herein, nor shall there be any sale
of these common units in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering is being made
only by means of a prospectus and related prospectus supplement, which are part
of an effective registration statement. 

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy services
to producers and consumers of natural gas, NGLs, crude oil, refined products and
petrochemicals. Our services include: natural gas gathering, treating,
processing, transportation and storage; NGL transportation, fractionation,
storage, and import and export terminals; crude oil and refined products
transportation, storage and terminals; offshore production platforms;
petrochemical transportation and services; and a marine transportation business
that operates primarily on the United States inland and Intracoastal Waterway
systems and in the Gulf of Mexico. The partnership`s assets include
approximately 50,000 miles of onshore and offshore pipelines; 200 million
barrels of storage capacity for NGLs, crude oil, refined products and
petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

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

Copyright Business Wire 2013