Enterprise Products Partners LP's Enterprise Products Operating LLC Prices $750 Million Of Senior Unsecured Notes

Enterprise Products Partners LP announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has priced a public offering of $750 million of senior unsecured notes due on August 15, 2042 (August 2042 Notes). The net proceeds from the offering are expected to be used to temporarily reduce borrowings under EPO’s multi-year revolving credit facility (which we expect to use to repay outstanding amounts on the maturity of our $490.5 million principal amount of 7.625% senior notes S due February 2012 and our $9.5 million principal amount of TEPPCO 7.625% senior notes due February 2012 prior to the expected delivery of the notes) and for general company purposes. The August 2042 Notes will be issued at 99.542% of their principal amount, and will have a fixed-rate interest coupon of 4.85%. The expected settlement date for the offering is February 15, 2012. Enterprise Products Partners L.P. will guarantee the notes through an unconditional guarantee on an unsecured and unsubordinated basis. J.P. Morgan Securities LLC, DNB Markets, Inc., RBC Capital Markets, LLC, RBS Securities Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.