Looks like they went forward with about $1.25B in notes. A combo of 10-year (4%) and 30-year (5.7%) maturity. Looks like nice terms and cheaper money than an offering of units would have been.
Agree. Good terms for bottom investment grade notes. EPD continues to keep about 50/50 for debt/equity in order to keep IV rating. Would expect next financing to be units to keep ratio.No prediction as to when.ARB