Enterprise’s public unit offer 8,000,000 common units

Enterprise’s public unit offer of 8,000,000 common units

6:42 AM, 25th September 2012
Enterprise’s public unit offer of 8,000,000 common units

HOUSTON, US: Enterprise Products Partners LP will commence a public offering of 8,000,000 common units representing limited partner interests in the partnership. Enterprise also intends to grant 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, to temporarily reduce borrowings under its multi-year revolving credit facility and for general partnership purposes. Wells Fargo Securities, Barclays, BofA Merrill Lynch, Citigroup, JP Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering.

© WOC News

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Westlake to expand ethylene capacity at Lake Charles facility

HOUSTON, US: Westlake Chemical Corporation will perform planned maintenance and an expansion of the Petro 2 ethylene unit at its complex in Lake Charl ...

Read more
BASF and Max Planck open new graphene research centre

LUDWIGSHAFEN/MAINZ, GERMANY: BASF and Max Planck Institute for Polymer Research (MPI-P) opened their joint research and development (R&D) platform ...

Read more
FMC, Isagro to collaborate for fungicide R&D

PHILADELPHIA, US: FMC Corporation has agreed for research and development collaboration for a new proprietary fungicide from Isagro SpA. The two compa ...

Read more
Foster Wheeler gets heat recovery steam generators contract in Mexico

ZUG, SWITZERLAND: Foster Wheeler AG’s Global Power group subsidiary is awarded a contract by SCS Proyectos SAPI de CV for design and supply of t ...

Read more
Vinythai to build epichlorohydrin plant in China

KLONGTOEY, THAILAND: Vinythai Plc plans to invest Bt7.2 billion to build an epichlorohydrin plant in China as part of its drive to double its total an ...

Read more
JGC bags Sadara’s aromatics plant contract in Saudi Arabia

YOKOHAMA, JAPAN: JGC Corporation’s subsidiary, JGC Gulf International Co Ltd, has been awarded a contract for an aromatics plant project from Sa ...

Read more