Enterprise Prices $2.5 Billion Aggregate Principal Amount of Senior Notes
Vinson and Elkins advised the underwriters in connection with Enterprise Products Operating LLC’s public offering of $2.5 billion aggregate principal amount of notes comprised of (i) $1.1 billion principal amount of 4.95% Senior Notes due February 15, 2035, and (ii) $1.4 billion principal amount of 5.55% Senior Notes due February 16, 2055.
This is the 14th debt offering the Firm has advised on for Enterprise Products Partners L.P., exceeding $30 billion in transaction value since 2014. The offering priced on Thursday, August 1, 2024, and closed on Thursday, August 8, 2024.
The Vinson & Elkins corporate team was led by partners Doug McWilliams and David Stone and counsel Brett Peace, with assistance from associates Travis Ewing, Connor Rabalais and Farzin Khoshravan. Other key team members included partner Matthew Dobbins and associate Ryan Vanderlip; partners Wendy Salinas, Natan Leyva and Ryan Carney and associate Steve Campbell; and senior associate Andrew DeVore.
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