Enterprise Products pricing 10-, 30-year guaranteed notes Monday

By Andrea Heisinger

New York, March 11 - Enterprise Products Operating LLC is expected to price senior notes (Baa1/BBB+/BBB) in two parts Monday, according to a market source and a 424B3 filing with the Securities and Exchange Commission.

Bookrunners are J.P. Morgan Securities LLC, DNB NOR Markets Inc., Morgan Stanley & Co. LLC, RBS Securities Inc., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC.

Proceeds will be used to repay debt, including amounts outstanding under a multi-year revolving credit facility and commercial paper program; amounts outstanding on the company's $400 million principal amount of series M senior notes, $237.6 million principal amount of series U senior notes and $12.4 million principal amount of Teppco senior notes, each due in April; and for general company purposes.

The notes are guaranteed by Enterprise Products Partners LP.

The midstream energy services provider is based in Houston.

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