Enterprise Products Partners LP Prices Public Unit Offering


Tuesday, 5 Feb 2013 08:59am EST 

Enterprise Products Partners LP announced that it has priced a public offering of 8,000,000 common units representing limited partner interests in the partnership at a public offering price of $54.56 per common unit. Enterprise has also granted the underwriters a 30-day option to purchase up to 1,200,000 additional common units to cover over-allotments, if any. Enterprise will use the net proceeds from this offering, including any exercise of the over-allotment option by the underwriters, 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. 

Company Quote

37.34
-2.0 -5.08%
1:03pm EST