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Enterprise Products Sells $1.5B Notes
Enterprise Products Partners has raised $1.5 billion in a debt issue.
Enterprise Products Partners has raised $1.5 billion in a debt issue. The North American midstream energy services provider has sold $750 million of senior unsecured notes due to mature in 2016, and $750 million of senior unsecured notes due 2041.
The company will use the net proceeds to repay, at maturity, $450 million in aggregate principal amount of senior notes due February 2011, and for general company purposes. JP Morgan Securities, BNP Paribas Securities, Deutsche Bank Securities, DnB NOR Markets, RBS Securities and Scotia Capital were the joint book-running managers.
Click here for the release from Business Wire.