Enterprise prices US$3 billion aggregate principal amount of senior notes

The offering is comprised of US$750 million principal amount of senior notes due 1 February 2022, US$1 billion principal amount of senior notes due 16 October 2028, and US$1.25 billion principal amount of senior notes due 1 February 2049.

Enterprise expects to use the net proceeds of this offering for the repayment of debt, including the repayment of amounts outstanding under our commercial paper program, and for general company purposes, including for organic growth CAPEX.

Enterprise is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Its services include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the US inland and Intracoastal Waterway systems.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/04102018/enterprise-prices-us3-billion-aggregate-principal-amount-of-senior-notes/