Enterprise Products Partners L.P. filed a Form 8-K on November 12, 2026, reporting the completion of a public offering of $1.5 billion in senior notes issued through its subsidiary Enterprise Products Operating LLC, with the earliest event dated November 5, 2026.

Key Highlights

  • Two-tranche offering: $750 million of 5.20% senior notes due February 15, 2032 and $750 million of 5.65% senior notes due February 15, 2037 were issued by Enterprise Products Operating LLC.
  • Interest payments: Both tranches accrue interest from November 12, 2026, with payments due on February 15 and August 15 each year, beginning February 15, 2027.
  • Partnership guarantee: The notes are guaranteed on an unsecured and unsubordinated basis by Enterprise Products Partners L.P.
  • Redemption provisions: EPO may redeem either tranche before its respective par call date at a make-whole premium, or at 100% of principal plus accrued interest on or after the par call date.
  • Planned use of proceeds: According to the filing, proceeds are expected to be used for general company purposes, growth capital investments, acquisitions if any, and repayment of debt, including EPO's $1.0 billion 4.60% Senior Notes HHH due January 2027 and $575.0 million 3.95% Senior Notes SS due February 2027.
  • Underwriting agreement: The agreement was entered into on November 5, 2026, with MUFG Securities Americas Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC, SG Americas Securities, LLC, and U.S. Bancorp Investments, Inc. as representatives of the underwriters.

Enterprise Products Operating LLC Closes Dual-Tranche Note Offering Under Forty-First Supplemental Indenture

According to the filing, Enterprise Products Operating LLC ("EPO") completed the public offering of two series of senior notes on November 12, 2026. The first series, designated Senior Notes OOO, carries a 5.20% annual interest rate and matures on February 15, 2032, with a par call date of January 15, 2032. The second series, designated Senior Notes PPP, carries a 5.65% annual interest rate and matures on February 15, 2037, with a par call date of November 15, 2036. Both series were issued in a principal amount of $750 million each, for a combined total of $1.5 billion.

The filing states that the securities were issued under the Original Indenture dated October 4, 2004, as amended and supplemented, and specifically under the Forty-First Supplemental Indenture dated November 12, 2026, with U.S. Bank Trust Company, National Association, serving as Series Trustee. The offering was registered under the Securities Act of 1933 pursuant to a Registration Statement on Form S-3 (Registration Nos. 333-283172 and 333-283172-01), as supplemented by a Prospectus Supplement dated November 5, 2026, filed with the SEC on November 9, 2026.

The filing discloses that certain underwriters or their affiliates may hold the commercial paper notes, Senior Notes HHH, and Senior Notes SS expected to be repaid with offering proceeds, and "accordingly, may receive a substantial portion of the net proceeds from the Offering." The underwriting agreement is described as containing customary representations, warranties, and indemnification provisions. The partnership trades on NYSE:EPD.

What Was Disclosed

Enterprise Products Partners L.P. disclosed the completion of a $1.5 billion two-part senior note offering by its subsidiary EPO, guaranteed by the partnership, with proceeds intended in part for debt repayment and general corporate purposes.