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 | ||
BBB- by Fitch Ratings | ||
Trade Date: |
May 11, 2010 | |
Expected Settlement Date: |
May 20, 2010 (T+7) | |
Note Type: |
Senior Unsecured Notes | |
Legal Format: |
SEC Registered | |
Size: |
$400,000,000 for the 2015 Notes | |
$1,000,000,000 for the 2020 Notes | ||
$600,000,000 for the 2040 Notes | ||
Maturity Date: |
June 1, 2015 for the 2015 Notes | |
September 1, 2020 for the 2020 Notes | ||
September 1, 2040 for the 2040 Notes | ||
Coupon: |
3.70% for the 2015 Notes | |
5.20% for the 2020 Notes | ||
6.45% for the 2040 Notes | ||
Interest Payment Dates: |
June 1 and December 1 for the 2015 Notes, commencing December 1, 2010 | |
March 1 and September 1 for the 2020 Notes, commencing September 1, 2010 | ||
March 1 and September 1 for the 2040 Notes, commencing September 1, 2010 |
Benchmark Treasury: |
2.500% due April 30, 2015 | |
3.625% due February 15, 2020 | ||
4.375% due November 15, 2039 | ||
Benchmark Treasury Yield: |
2.246% for the 2015 Notes | |
3.539% for the 2020 Notes | ||
4.437% for the 2040 Notes | ||
Spread to Benchmark |
+ 150 bps for the 2015 Notes | |
Treasury: |
+ 170 bps for the 2020 Notes | |
+ 205 bps for the 2040 Notes | ||
Yield: |
3.746% for the 2015 Notes | |
5.239% for the 2020 Notes | ||
6.487% for the 2040 Notes | ||
Price to Public: |
99.790% for the 2015 Notes | |
99.701% for the 2020 Notes | ||
99.525% for the 2040 Notes | ||
Net Proceeds (before |
$1,979,170,000 | |
expenses): |
||
Make-Whole Call: |
T + 25 bps for the 2015 Notes | |
T + 30 bps for the 2020 Notes | ||
T + 35 bps for the 2040 Notes | ||
CUSIP: |
29379VAR4 for the 2015 Notes | |
29379VAP8 for the 2020 Notes | ||
29379VAQ6 for the 2040 Notes | ||
ISIN: |
US29379VAR42 for the 2015 Notes | |
US29379VAP85 for the 2020 Notes | ||
US29379VAQ68 for the 2040 Notes | ||
Joint Book-Running |
Citigroup Global Markets Inc. | |
Managers: |
Mizuho Securities USA Inc. | |
RBS Securities Inc. | ||
Scotia Capital (USA) Inc. | ||
SunTrust Robinson Humphrey, Inc. | ||
Wells Fargo Securities, LLC | ||
Co- Managers: |
DnB NOR Markets, Inc. | |
Banc of America Securities LLC | ||
Barclays Capital Inc. | ||
BNP Paribas Securities Corp. | ||
Daiwa Securities America Inc. | ||
Deutsche Bank Securities Inc. | ||
ING Financial Markets LLC | ||
RBC Capital Markets Corporation | ||
UBS Securities LLC | ||
BBVA Securities Inc. |
* | 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. |