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Enterprise Products Partners L.P. Message Board

  • phoenix773 phoenix773 Sep 24, 2012 4:17 PM Flag

    8,000,000 share offering

    Probably why she dropped on Friday.

    Enterprise Products Partners L.P. Announces Public Unit Offering
    Ticker Symbol: U:EPD

    HOUSTON -- (Business Wire) --

    Enterprise Products Partners L.P. (NYSE:EPD) today announced the commencement of a public offering of 8,000,000 common units representing limited partner interests in the partnership. Enterprise also intends to grant the underwriters a 30-day option to purchase up to 1,200,000 additional common units to cover over-allotments, if any. Enterprise will use the net proceeds from this offering, including any exercise of the over-allotment option by the underwriters, to temporarily reduce borrowings under its multi-year revolving credit facility and for general partnership purposes.

    Wells Fargo Securities, Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Morgan Stanley and UBS Investment Bank are joint book-running managers for the offering.

26.69+0.29(+1.10%)10:05 AMEDT