UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 22, 2009
ENTERPRISE PRODUCTS PARTNERS L.P.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-14323
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76-0568219 |
(State or Other Jurisdiction of
Incorporation or Organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.) |
1100 Louisiana, 10th Floor
Houston, Texas 77002
(Address of Principal Executive Offices, including Zip Code)
(713) 381-6500
(Registrant’s Telephone Number, including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2.):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On September 22, 2009, Enterprise Products Partners L.P. (the “Partnership”) entered into an
underwriting agreement for the public offering of 7,250,000 of its common units, and up to
1,087,500 additional common units to cover over-allotments, if any. A copy of the Underwriting
Agreement is filed as Exhibit 1.1 hereto. Closing of the issuance and sale of the common units is
scheduled for September 25, 2009.
The offering of the common units has been registered under the Securities Act of 1933, as
amended (the “Securities Act”), pursuant to a registration statement on Form S-3 (Registration No.
333-145709) of the Partnership (the “Registration Statement”), and the prospectus supplement dated
September 22, 2009, filed with the Securities and Exchange Commission pursuant to Rule 424(b) of
the Securities Act (the “Prospectus”).
The underwriting agreement provides that the obligations of the underwriters to purchase the
common units are subject to approval of legal matters by counsel and other customary conditions.
The underwriters are obligated to purchase all the common units if they purchase any of the common
units. The Partnership has agreed to indemnify the underwriters against certain liabilities,
including liabilities under the Securities Act, or to contribute to payments the underwriters may
be required to make because of any of those liabilities.
The Partnership intends to use the net proceeds from this offering to temporarily reduce
borrowings outstanding under Enterprise Products Operating LLC’s (“EPO”) multi-year revolving
credit facility, which may be reborrowed to fund capital expenditures, other growth projects and
for general partnership purposes. Affiliates of certain of the underwriters are lenders under EPO’s
multi-year revolving credit facility and, accordingly, will receive a substantial portion of the
net proceeds from this offering. The underwriters have performed investment banking and advisory
services for the Partnership and its affiliates from time to time for which they have received
customary fees and expenses. The underwriters may, from time to time, engage in transactions with
and perform services for the Partnership and its affiliates in the ordinary course of their
business.
The description of the underwriting agreement is qualified in its entirety by reference to
Exhibit 1.1, which such exhibit is incorporated herein by reference.
Certain
legal opinions related to the Registration Statement are also filed herewith as Exhibits
5.1 and 8.1.
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| Item 9.01. |
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Financial Statements and Exhibits. |
(d) Exhibits.
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| Exhibit No. |
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Description |
| 1.1 |
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Underwriting Agreement, dated September 22, 2009, by and among
Enterprise Products Partners L.P., Enterprise Products OLPGP,
Inc., Enterprise Products Operating LLC and the several
underwriters named on Schedule I thereto. |
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| 5.1 |
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Opinion of Andrews Kurth LLP. |
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| 8.1 |
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Opinion of Andrews Kurth LLP relating to tax matters. |
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| 23.1 |
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Consents of Andrews Kurth LLP (included in Exhibits 5.1 and 8.1). |
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| 99.1 |
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Press Release dated September 22, 2009. |
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