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Enterprise Products Partners L.P. Announces Pricing of Public Offering of Units.

Publication: Business Wire
Publication Date: 22-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
HOUSTON -- Enterprise Products Partners L.P. (NYSE:EPD) today announced that it has priced a public offering of 7,250,000 common units representing limited partner interests at a public offering price of $28.00 per common unit. Enterprise Products has also granted the underwriters a 30-day option to purchase up to 1,087,500 additional common units to cover over-allotments, if any. Enterprise intends to use the net proceeds, after expenses, of approximately $201 million (including a net capital contribution of $4.0 million from its general partner to maintain a 2% general partner interest) to temporarily reduce borrowings outstanding under...

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