Enterprise Products Operating offers two tranches of guaranteed fixed-rate senior notes

By Cristal Cody

Tupelo, Miss., June 24 – Enterprise Products Operating LLC plans to price two tranches of dollar-denominated guaranteed fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission on Monday.

Both tranches have make-whole and par calls.

The notes are unconditionally guaranteed by parent company Enterprise Products Partners LP.

The bookrunners are J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and TD Securities (USA) LLC.

Proceeds will be used to repay debt, including borrowings outstanding under the company’s commercial paper program and payment at maturity of $800 million of series LLC senior notes due in October and for general company purposes.

The midstream energy services provider is based in Houston.

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