Issuer:
|
Enterprise Products Operating LLC | |
Guarantee:
|
Unconditionally guaranteed by Enterprise Products Partners L.P. | |
Security:
|
5.65% Notes due April 1, 2013 6.50% Notes due January 31, 2019 |
|
Size:
|
$400,000,000 for the 2013 Notes $700,000,000 for the 2019 Notes |
|
Maturity Date:
|
April 1, 2013 for the 2013 Notes January 31, 2019 for the 2019 Notes |
|
Coupon:
|
5.65% for the 2013 Notes 6.50% for the 2019 Notes |
|
Interest Payment Dates:
|
April 1 and October 1, commencing October 1,
2008 for the 2013 Notes January 31 and July 31, commencing July 31, 2008 for the 2019 Notes |
|
Price to Public:
|
99.906% for the 2013 Notes 99.866% for the 2019 Notes |
|
Benchmark Treasury:
|
2.50% due March 2013 for the 2013 Notes 3.50% due February 2018 for the 2019 Notes |
|
Benchmark Treasury Yield:
|
2.452% for the 2013 Notes 3.419% for the 2019 Notes |
|
Spread to Benchmark Treasury:
|
+ 322 bps for the 2013 Notes + 310 bps for the 2019 Notes |
|
Yield:
|
5.672% for the 2013 Notes 6.519% for the 2019 Notes |
|
Make-Whole Call:
|
T + 50 bps for the 2013 Notes T + 50 bps for the 2019 Notes |
|
Expected Settlement Date:
|
April 3, 2008 |
CUSIP:
|
29379V AB9 for the 2013 Notes 29379V AC7 for the 2019 Notes |
|
Ratings:
|
Baa3 by Moody’s Investors Service, Inc. BBB- by Standard & Poor’s Ratings Services BBB- by Fitch Ratings |
|
Joint Book-Running Managers:
|
Lehman Brothers Inc. Citigroup Global Markets Inc. J.P. Morgan Securities Inc. Scotia Capital (USA) Inc. |
|
Co-Managers:
|
Mizuho Securities USA Inc. SunTrust Robinson Humphrey, Inc. Wachovia Capital Markets, LLC BNP Paribas Securities Corp. Greenwich Capital Markets, Inc. Barclays Capital Inc. DnB NOR Markets, Inc. Lazard Capital Markets LLC UBS Securities LLC |