Enterprise Products 8-K

Summary

Enterprise Products Operating completed a $1.5B senior-note offering on 11/12/2026, split evenly between notes due in 2032 and 2037. Net proceeds are intended for general company purposes, including growth investments and possible acquisitions, and debt repayment, including 2027 notes and commercial paper.

Key Figures

• The 2032 notes carry a 5.20% coupon and were issued at 99.840% of principal; the 2037 notes carry a 5.65% coupon and were issued at 99.648%. Both pay interest semiannually beginning 2/15/2027 and mature on 2/15/2032 and 2/15/2037, respectively.
• The notes are EPO’s unsecured, unsubordinated senior obligations and are guaranteed on an unsecured, unsubordinated basis by Enterprise Products Partners. Before 1/15/2032 for the 2032 notes and 11/15/2036 for the 2037 notes, they may be redeemed at a make-whole price; on or after those dates, they may be redeemed at par plus accrued interest.
• Proceeds may repay all or part of EPO’s $1.0B principal amount of 4.60% notes due January 2027, its $575M principal amount of 3.95% notes due February 2027, and outstanding commercial paper.
• The $1.5B principal offering equals ≈4.5% of the partnership’s $33.4B total debt at 9/30/2026 (Q3 FY2026 10-Q). The prospectus gives issuer consolidated indebtedness of ≈$33.8B as adjusted at 9/30/2026 after the offering and application of proceeds.