Exhibit 99.2
ENTERPRISE PRICES $1.0 BILLION PRINCIPAL
AMOUNT OF SENIOR NOTES
Houston, Texas (Tuesday, September 7, 2021) – Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $1.0 billion principal amount of Senior Notes EEE due February 15, 2053.
Enterprise expects to use the net proceeds of this offering for general company purposes, including for growth capital investments, and the repayment of debt (including the repayment of a portion of our $750 million principal amount of 3.50 percent Senior Notes VV due in February, 2022, and / or a portion of our $650 million principal amount of 4.05 percent Senior Notes CC also due in February, 2022).
The Senior Notes EEE will be issued at 99.170 percent of their principal amount and will have a fixed-rate interest coupon of 3.30 percent. Enterprise Products Partners L.P. will guarantee the senior notes through an unconditional guarantee on an unsecured and unsubordinated basis. Settlement of the offering is expected to occur on September 15, 2021.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., SG Americas Securities, LLC and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus as supplemented for the offering by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, EPO or any underwriter or dealer participating in this offering will arrange to send a prospectus as supplemented to an investor if requested by contacting Citigroup Global Markets Inc. at (800) 831-9146, Deutsche Bank Securities Inc. at (800) 503-4611, SG Americas Securities, LLC at (855) 881-2108, U.S. Bancorp Investments, Inc. at (877) 558-2607.
