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Enterprise closes $2.7B in public debt offerings

Enterprise Products Partners LP and affiliates on Feb. 15 closed $2.7 billion in public debt offerings, according to a filing with the SEC.

The partnership, along with Enterprise Products Operating LLC and Enterprise Products OLPGP Inc., on Feb. 1 announced plans to launch multiple public offerings. The ones that closed Feb. 15 involve $700.0 million in junior subordinated notes due in 2078, $750.0 million of senior notes due in 2021 and $1.25 billion of senior notes due in 2048.

The junior notes will bear 5.375% in annual interest, while interest will accrue at 2.800% annually for the senior notes due in 2021 and 4.250% annually for the senior notes due in 2048, according to the Form 8-K.

Enterprise provides gathering, processing, transportation and storage services for natural gas, NGL, crude oil and refined products.