Enterprise Products eyeing three-part benchmark notes offer Thursday

By Aleesia Forni

Virginia Beach, Oct. 2 – Enterprise Products Operating LLC is in Thursday’s market with a benchmark three-part offering of senior notes (Baa1/BBB+/), according to a market source and a 424B3 filed with the Securities and Exchange Commission.

The notes will be guaranteed by Enterprise Products Partners LP.

Citigroup Global Markets Inc., BofA Merrill Lynch, DnB NOR Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc., Scotia Capital (USA) Inc. and UBS Securities LLC are the bookrunners.

Proceeds will be used to repay debt, including amounts under its 364-day credit agreement or commercial paper program and its $650 million of senior notes G due Oct. 15, 2014, and for general company purposes.

The midstream energy services provider is based in Houston.

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