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Enterprise Products Partners L.P. – ‘8-K’ for 1/15/20

On:  Wednesday, 1/15/20, at 10:12am ET   ·   For:  1/15/20   ·   Accession #:  1193125-20-7702   ·   File #:  1-14323

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/15/20  Enterprise Products Partners L.P. 8-K:1,8,9   1/15/20   12:483K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     41K 
 2: EX-4.3      Instrument Defining the Rights of Security Holders  HTML    183K 
 3: EX-5.1      Opinion of Counsel re: Legality                     HTML     31K 
11: R1          Document and Entity Information                     HTML     49K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
12: XML         XBRL Instance -- d120339d8k_htm                      XML     14K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.LAB  XBRL Labels -- epd-20200115_lab                      XML     55K 
 6: EX-101.PRE  XBRL Presentations -- epd-20200115_pre               XML     35K 
 4: EX-101.SCH  XBRL Schema -- epd-20200115                          XSD     12K 
 8: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    19K 
10: ZIP         XBRL Zipped Folder -- 0001193125-20-007702-xbrl      Zip     51K 


‘8-K’   —   Current Report


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 iX: 
  8-K  
 i false  i 0001061219 0001061219 2020-01-15 2020-01-15

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  i January 15, 2020

 

 i ENTERPRISE PRODUCTS PARTNERS L.P.

(Exact name of registrant as specified in its charter)

 

 i Delaware

 

 i 1-14323

 

 i 76-0568219

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 i 1100 Louisiana Street,  i 10th Floor,  i Houston,  i Texas

 

 i 77002

(Address of principal executive offices)

 

(Zip Code)

Registrant’s telephone number, including area code:  i (713)  i 381-6500

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of Each Class

 

Trading

Symbol(s)

 

Name of Each Exchange

On Which Registered

 i Common Units

 

 i EPD

 

 i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

 


Item 1.01 Entry into a Material Definitive Agreement.

On January 15, 2020, Enterprise Products Partners L.P. (the “Partnership”), Enterprise Products OLPGP, Inc. and Enterprise Products Operating LLC (“EPO”) completed the public offering of $1.0 billion principal amount of EPO’s 2.800% senior notes due 2030 (the “Senior Notes AAA”), $1.0 billion principal amount of EPO’s 3.700% senior notes due 2051 (the “Senior Notes BBB”) and $1.0 billion principal amount of EPO’s 3.950% senior notes due 2060 (the “Senior Notes CCC” and, together with the Senior Notes AAA and the Senior Notes BBB, the “Notes”). Pursuant to the indentures described below, the Notes are guaranteed on an unsecured and unsubordinated basis by the Partnership pursuant to a guarantee (the “Guarantee” and, together with the Notes, the “Securities”).

The offering of the Securities has been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a Registration Statement on Form S-3 (Registration Nos. 333-230066 and 333-230066-01) (the “Registration Statement”), as supplemented by the Prospectus Supplement dated January 6, 2020, relating to the Securities, filed with the United States Securities and Exchange Commission (the “SEC”) on January 7, 2020, pursuant to Rule 424(b) of the Securities Act (together with the accompanying prospectus dated March 5, 2019, the “Prospectus”).

The Securities were issued under the Indenture, dated as of October 4, 2004, among EPO (as successor to Enterprise Products Operating L.P.), as issuer, the Partnership, as guarantor, and Wells Fargo Bank, N.A., as trustee (the “Original Indenture), as amended and supplemented by (i) the Tenth Supplemental Indenture thereto, dated as of June 30, 2007, providing for EPO as successor issuer (the “Tenth Supplemental Indenture) and (ii) the Thirty-Fourth Supplemental Indenture thereto, dated as of January 15, 2020 (the “Thirty-Fourth Supplemental Indenture and, together with the Tenth Supplemental Indenture, the “Supplemental Indentures).

Interest will accrue at a rate of 2.800% per annum for the Senior Notes AAA, 3.700% per annum for the Senior Notes BBB and 3.950% per annum for the Senior Notes CCC, in each case, from January 15, 2020. Interest on the Senior Notes AAA, the Senior Notes BBB and the Senior Notes CCC is payable on January 31 and July 31 of each year, commencing July 31, 2020. The Senior Notes AAA mature on January 31, 2030, the Senior Notes BBB mature on January 31, 2051 and the Senior Notes CCC mature on January 31, 2060. The Notes also provide that at any time prior to October 31, 2029 (three months prior to their maturity date) for the Senior Notes AAA (the “Senior Notes AAA Par Call Date”), prior to July 31, 2050 (six months prior to their maturity date) for the Senior Notes BBB (the “Senior Notes BBB Par Call Date”) and prior to July 31, 2059 (six months prior to their maturity date) for the Senior Notes CCC (the “Senior Notes CCC Par Call Date”), EPO may redeem some or all of the Notes at the applicable redemption price that includes accrued and unpaid interest and a make-whole premium. In the case of the Senior Notes AAA, the Senior Notes BBB and the Senior Notes CCC, the make-whole premium is calculated based on the principal and interest that would have been due if the notes had matured on the Senior Notes AAA Par Call Date for the Senior Notes AAA, the Senior Notes BBB Par Call Date for the Senior Notes BBB or the Senior Notes CCC Par Call Date for the Senior Notes CCC. At any time on or after the Senior Notes AAA Par Call Date for the Senior Notes AAA, the Senior Notes BBB Par Call Date for the Senior Notes BBB or the Senior Notes CCC Par Call Date for the Senior Notes CCC, EPO may redeem some or all of such Notes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest.

The terms of the Securities, the Original Indenture and the Supplemental Indentures are further described in the Prospectus under the captions “Description of the Notes” and “Description of Debt Securities,” which descriptions are incorporated herein by reference to Exhibit 99.1 to the Partnership’s Current Report on Form 8-K filed with the SEC on January 8, 2020. Such descriptions do not purport to be complete and are qualified by reference to the Original Indenture, which is filed as Exhibit 4.1 hereto; the Tenth Supplemental Indenture, which is filed as Exhibit 4.2 hereto; and the Thirty-Fourth Supplemental Indenture, which is filed as Exhibit 4.3 hereto, each of which are incorporated by reference herein.

Item 8.01 Other Events.

Certain legal opinions related to the Registration Statement are filed herewith as Exhibit 5.1.

2


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
No.

   

Description

         
 

  4.1

   

Indenture, dated as of October 4, 2004, among Enterprise Products Operating L.P., as Issuer, Enterprise Products Partners L.P., as Guarantor, and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Form 8-K filed October 6, 2004).

         
 

  4.2

   

Tenth Supplemental Indenture, dated as of June 30, 2007, by and among Enterprise Products Operating LLC, as Issuer, Enterprise Products Partners L.P., as Parent Guarantor, and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.54 to Form 10-Q filed August 8, 2007).

         
 

  4.3

   

Thirty-Fourth Supplemental Indenture, dated as of January 15, 2020, among Enterprise Products Operating LLC, as Issuer, Enterprise Products Partners L.P., as Guarantor, and Wells Fargo Bank, National Association, as Trustee.

         
 

  4.4

   

Form of Notes (included in Exhibit 4.3 above).

         
 

  5.1

   

Opinion of Sidley Austin LLP.

         
 

23.1

   

Consent of Sidley Austin LLP (included in Exhibit 5.1).

         
 

99.1

   

Description of the Notes and Description of Debt Securities (incorporated by reference to Exhibit 99.1 to Form 8-K filed January 8, 2020).

         
 

104

   

Cover Page Interactive Data File–the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

3


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ENTERPRISE PRODUCTS PARTNERS L.P.

             

 

 

By:

 

Enterprise Products Holdings LLC,

 

 

 

its General Partner

             

Date: January 15, 2020

 

 

By:

 

/s/ R. Daniel Boss

 

 

Name:

 

R. Daniel Boss

 

 

Title:

 

Senior Vice President - Accounting and Risk Control

 

 

 

of the General Partner

             

 

 

By:

 

/s/ Michael W. Hanson

 

 

Name:

 

Michael W. Hanson

 

 

Title:

 

Vice President and Principal Accounting Officer

 

 

 

of the General Partner

4


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
1/31/30
10/31/29
7/31/20424B5
Filed on / For Period end:1/15/20
1/8/208-K
1/7/20424B5
1/6/20424B3,  8-K,  FWP
3/5/19S-3ASR
6/30/0710-Q,  8-K
10/4/044
 List all Filings 


20 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  Enterprise Products Partners L.P. 10-K       12/31/23  118:24M
11/09/23  Enterprise Products Partners L.P. 10-Q        9/30/23   98:18M
 8/09/23  Enterprise Products Partners L.P. 10-Q        6/30/23   97:17M
 5/10/23  Enterprise Products Partners L.P. 10-Q        3/31/23   96:15M
 2/28/23  Enterprise Products Partners L.P. 10-K       12/31/22  116:24M
11/08/22  Enterprise Products Partners L.P. 10-Q        9/30/22  101:18M
 8/09/22  Enterprise Products Partners L.P. 10-Q        6/30/22  103:18M
 5/10/22  Enterprise Products Partners L.P. 10-Q        3/31/22  102:15M
 2/28/22  Enterprise Products Partners L.P. 10-K       12/31/21  112:24M
11/30/21  Enterprise Products Partners L.P. S-3ASR     11/30/21    6:753K                                   Donnelley … Solutions/FA
11/08/21  Enterprise Products Partners L.P. 10-Q        9/30/21   98:18M
 8/09/21  Enterprise Products Partners L.P. 10-Q        6/30/21   98:18M
 5/07/21  Enterprise Products Partners L.P. 10-Q        3/31/21   98:15M
 3/01/21  Enterprise Products Partners L.P. 10-K       12/31/20  118:25M
12/16/20  Enterprise Products Partners L.P. 424B5                  1:429K                                   Donnelley … Solutions/FA
11/10/20  Enterprise Products Partners L.P. S-3                    4:429K                                   Donnelley … Solutions/FA
11/06/20  Enterprise Products Partners L.P. 10-Q        9/30/20  103:25M
 8/10/20  Enterprise Products Partners L.P. 10-Q        6/30/20  103:26M
 8/07/20  Enterprise Products Partners L.P. 8-K:1,8,9   8/07/20   12:321K                                   Donnelley … Solutions/FA
 8/03/20  Enterprise Products Partners L.P. 8-K:8,9     7/30/20   13:758K                                   Donnelley … Solutions/FA
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