Enterprise products partners l.p. announces public unit offering

Houston--(business wire)--enterprise products partners l.p. (nyse:epd) today announced the commencement of 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, j.p. morgan, morgan stanley and ubs investment bank are joint book-running managers for the offering. an investor may obtain a free copy of the prospectus as supplemented by visiting edgar on the sec website at www.sec.gov. a copy of the preliminary prospectus supplement and related base prospectus may also be obtained from the underwriters as follows: email: cmclientsupport@wellsfargo.com barclaysprospectus@broadridge.com email: dg.prospectus_requests@baml.com batprospectusdept@citi.com prospectus@morganstanley.com this press release shall not constitute an offer to sell or the solicitation of an offer to buy the common units described herein, nor shall there be any sale of these common units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. the offering is being made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement. enterprise products partners l.p. is one of the largest publicly traded partnerships and a leading north american provider of midstream energy services to producers and consumers of natural gas, ngls, crude oil, refined products and petrochemicals. the partnership’s assets include approximately 50,700 miles of onshore and offshore pipelines; 190 million barrels of storage capacity for ngls, petrochemicals, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity. services include: natural gas gathering, treating, processing, transportation and storage; ngl transportation, fractionation, storage, and import and export terminals; crude oil and refined products transportation, storage and terminals; offshore production platforms; petrochemical transportation and services; and a marine transportation business that operates primarily on the united states inland and intracoastal waterway systems and in the gulf of mexico.
EPD Ratings Summary
EPD Quant Ranking