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EPD > SEC Filings for EPD > Form 8-K on 12-Feb-2014All Recent SEC Filings

Show all filings for ENTERPRISE PRODUCTS PARTNERS L P

Form 8-K for ENTERPRISE PRODUCTS PARTNERS L P


12-Feb-2014

Entry into a Material Definitive Agreement, Other Events, Financ


Item 1.01 Entry into a Material Definitive Agreement.

On February 12, 2014, Enterprise Products Partners L.P. (the "Partnership"), Enterprise Products OLPGP, Inc. ("EPOGP") and Enterprise Products Operating LLC ("EPO") completed the public offering of $850 million aggregate principal amount of EPO's 3.90% Senior Notes JJ due February 2024 (the "2024 Notes") and $1.15 billion aggregate principal amount of EPO's 5.10% Senior Notes KK due February 2045 (the "2045 Notes" and, together with the 2024 Notes, the "Notes"). Pursuant to the indentures described below, the Notes are guaranteed on an unsecured and unsubordinated basis by the Partnership (the "Guarantee," and together with the Notes, the "Securities").

The offering of the Securities has been registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to a Registration Statement on Form S-3 (Registration Nos. 333-189050 and 333-189050-01) (the "Registration Statement"), as supplemented by the Prospectus Supplement dated February 5, 2014 relating to the Securities, filed with the Securities and Exchange Commission (the "Commission") on February 6, 2014, pursuant to Rule 424(b) of the Securities Act (together with the accompanying prospectus dated June 3, 2013, the "Prospectus").

The Securities were issued under an Indenture, dated as of October 4, 2004, among EPO (as successor to Enterprise Products Operating L.P.), as issuer, the Partnership, as guarantor, and Wells Fargo Bank, N.A., as trustee, (collectively, as amended and supplemented by the Tenth Supplemental Indenture, dated as of June 30, 2007, providing for EPO as successor issuer, the "Base Indenture"), as amended and supplemented by the Twenty-Fifth Supplemental Indenture dated as of February 12, 2014 (the "Supplemental Indenture," and together with the Base Indenture, the "Indenture").

The Notes provide that interest will accrue from February 12, 2014 at a rate of 3.90% per annum for the 2024 Notes and 5.10% per annum for the 2045 Notes. Interest on the Notes will be payable on February 15 and August 15 of each year, commencing August 15, 2014. The 2024 Notes mature on February 15, 2024 and the 2045 Notes mature on February 15, 2045. The Notes also provide that at any time prior to November 15, 2023 (three months prior to their maturity date) for the 2024 Notes and August 15, 2044 (six months prior to their maturity date) for the 2045 Notes, EPO may redeem some or all of the Notes at the applicable redemption price that includes accrued and unpaid interest and a make-whole premium. At any time on or after November 15, 2023 for the 2024 Notes and August 15, 2044 for the 2045 Notes, EPO may redeem some or all of the Notes at an applicable redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest.

The terms of the Securities and the Supplemental Indenture are further described in the Prospectus under the captions "Description of the Notes" and "Description of Debt Securities," which descriptions are incorporated herein by reference to Exhibit 99.2 to the Partnership's Current Report on Form 8-K filed with the Commission on February 7, 2014. Such descriptions do not purport to be complete and are qualified by reference to the Base Indenture and to the Supplemental Indenture, which is filed as Exhibit 4.3 hereto and incorporated herein by reference.



Item 8.01 Other Events.

Certain legal opinions related to the Registration Statement are filed herewith as Exhibit 5.1.




Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description

 4.1              Indenture, dated as of October 4, 2004, among Enterprise Products
                  Operating L.P., as Issuer, Enterprise Products Partners L.P., as
                  Guarantor, and Wells Fargo Bank, National Association, as Trustee
                  (incorporated by reference to Exhibit 4.1 to Form 8-K filed
                  October 6, 2004).

 4.2              Tenth Supplemental Indenture, dated as of June 30, 2007, by and
                  among Enterprise Products Operating LLC, as Issuer, Enterprise
                  Products Partners L.P., as Parent Guarantor, and Wells Fargo
                  Bank, National Association, as Trustee (incorporated by reference
                  to Exhibit 4.54 to Form 10-Q filed August 8, 2007).

 4.3              Twenty-Fifth Supplemental Indenture, dated as of February 12,
                  2014, among Enterprise Products Operating LLC, as Issuer,
                  Enterprise Products Partners L.P., as Guarantor, and Wells Fargo
                  Bank, National Association, as Trustee.

 4.4              Forms of Notes (included in Exhibit 4.3 above).

 5.1              Opinion of Andrews Kurth LLP.

23.1              Consent of Andrews Kurth LLP (included in Exhibit 5.1).


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