Enterprise Products Partners L.P. (NYSE:EPD) today announced the
commencement of a public offering of 8,600,000 common units representing
limited partner interests. Enterprise Products has also granted the
underwriters a 30-day option to purchase up to 1,290,000 additional
common units to cover over-allotments, if any. Enterprise intends to use
the net proceeds from the offering to reduce borrowings outstanding
under its revolving credit facility and for general partnership
purposes. Enterprise expects to use some of the increased availability
under the facility to finance capital expenditures and other growth
projects.
Citi, Barclays Capital, Morgan Stanley, UBS Investment Bank and Wachovia
Securities 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: Citi,
Brooklyn Army Terminal, Attention: Prospectus Delivery Dept., 140 58th
Street, Brooklyn, NY, 11220, or by calling Citi toll-free at (800)
831-9146; Barclays Capital, c/o Broadridge, Integrated Distribution
Services, 1155 Long Island Ave., Edgewood, NY, 11717, or by calling
Barclays Capital toll-free at (888) 603-5847 or by email at barclaysprospectus@broadridge.com;
Morgan Stanley, Attention: Prospectus Dept., 180 Varick Street, 2nd
floor, New York, NY, 10014, or by calling toll-free (866) 718-1649 or by
email at prospectus@morganstanley.com;
UBS Investment Bank, Prospectus Dept., 299 Park Ave., New York, NY,
10171, or by calling toll-free (888) 827-7275; Wachovia Securities,
Attention: Equity Syndicate Dept., 375 Park Avenue, New York, NY, 10152,
or by calling toll-free (800) 326-5897, or by email at equity.syndicate@wachovia.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the units described herein, nor shall
there be any sale of these 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 is a leading North American provider of midstream
energy services to producers and consumers of natural gas, NGLs, crude
oil and petrochemicals. Enterprise transports natural gas, NGLs, crude
oil and petrochemical products through approximately 35,000 miles of
onshore and offshore pipelines. Services include natural gas gathering,
processing, transportation and storage; NGL fractionation (or
separation), transportation, storage and import and export terminaling;
crude oil transportation; offshore production platform services; and
petrochemical transportation and services. For more information, visit
Enterprise on the web at www.epplp.com.
Enterprise Products Partners L.P. is managed by its general partner,
Enterprise Products GP, LLC, which is wholly-owned by Enterprise GP
Holdings L.P. (NYSE:EPE). For more information on Enterprise GP Holdings
L.P., visit its website at www.enterprisegp.com.
Enterprise Products Partners L.P., Houston
Investor
Relations
Randy Burkhalter, 713-381-6812 or 866-230-0745
or
Media
Relations
Rick Rainey, 713-381-3635