Enterprise Products Partners announced on June 17, 2025, that its operating subsidiary, Enterprise Products Operating LLC (EPO), priced a public offering of $2.0 billion aggregate principal amount of senior notes. The offering comprises three tranches: $500 million due June 20, 2028, with a 4.30% fixed-rate coupon; $750 million due January 15, 2031, with a 4.60% fixed-rate coupon; and $750 million due January 15, 2036, with a 5.20% fixed-rate coupon.
The net proceeds from this offering are expected to be used for general company purposes, including funding growth capital investments and potential acquisitions. A portion of the proceeds will also be allocated to the repayment of debt, including amounts outstanding under EPO’s commercial paper program.
The settlement of the offering is anticipated to occur on June 20, 2025, subject to customary closing conditions. This financing initiative provides Enterprise with capital to support its strategic expansion plans and maintain a disciplined approach to its balance sheet management.
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