Issuer: | Enterprise Products Operating LLC |
|
Guarantee: | Unconditionally guaranteed by Enterprise
Products Partners L.P. |
|
Ratings*: | Baa3 by Moodys Investors Service, Inc. |
|
BBB- by Standard & Poors Ratings Services |
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BBB- by Fitch Ratings |
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Trade Date: | September 24, 2009 |
|
Expected Settlement Date: | October 5, 2009 (T+7) |
|
Note Type: | Senior Unsecured Notes |
|
Legal Format: | SEC Registered |
|
Size: | $500,000,000 for the 2020 Notes |
|
$600,000,000 for the 2039 Notes |
||
Maturity Date: | January 31, 2020 for the 2020 Notes |
|
October 15, 2039 for the 2039 Notes |
||
Coupon: | 5.25% for the 2020 Notes |
|
6.125% for the 2039 Notes |
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Interest Payment Dates: | January 31 and July 31 for the 2020 Notes,
commencing January 31, 2010 |
|
April 15 and October 15 for the 2039 Notes,
commencing April 15, 2010 |
Benchmark Treasury: | 3.625% due August 15, 2019 |
|
4.25% due May 15, 2039 |
||
Benchmark Treasury Yield: | 3.383% for the 2020 Notes |
|
4.170% for the 2039 Notes |
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Spread to Benchmark Treasury: | + 195 bps for the 2020 Notes |
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+ 200 bps for the 2039 Notes |
||
Yield: | 5.333% for the 2020 Notes |
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6.170% for the 2039 Notes |
||
Price to Public: | 99.355% for the 2020 Notes |
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99.386% for the 2039 Notes |
||
Net Proceeds: | $1,084,291,000 |
|
Make-Whole Call: | T + 30 bps for the 2020 Notes |
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T + 35 bps for the 2039 Notes |
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CUSIP: | 29379VAF0 for the 2020 Notes |
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29379VAG8 for the 2039 Notes |
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ISIN: | US29379VAF04 for the 2020 Notes |
|
US29379VAG86 for the 2039 Notes |
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Joint Book-Running Managers: | J.P. Morgan Securities Inc. |
|
Banc of America Securities LLC |
||
BNP Paribas Securities Corp. |
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Morgan Stanley & Co. Incorporated |
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Mizuho Securities USA Inc. |
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Co- Managers: | RBS Securities Inc. |
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Scotia Capital (USA) Inc. |
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SunTrust Robinson Humphrey, Inc. |
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Wells Fargo Securities, LLC |
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Daiwa Securities America Inc. |
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Deutsche Bank Securities Inc. |
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DnB NOR Markets, Inc. |
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ING Financial Markets LLC |
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UBS Securities LLC |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |