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.

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