-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FVAmxTd3ELihBGKGF72o7ErHkfzw7c2rW9Uq2jFw9PHINAZ+p7dY+hW1BbqhruV2 xNk5fq58yX8qF47xd8z3Fg== 0000950123-09-049301.txt : 20091008 0000950123-09-049301.hdr.sgml : 20091008 20091008172928 ACCESSION NUMBER: 0000950123-09-049301 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091007 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20091008 DATE AS OF CHANGE: 20091008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERPRISE PRODUCTS PARTNERS L P CENTRAL INDEX KEY: 0001061219 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 760568219 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14323 FILM NUMBER: 091112645 BUSINESS ADDRESS: STREET 1: 1100 LOUISIANA 10TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7133816500 MAIL ADDRESS: STREET 1: 1100 LOUISIANA 10TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77002 8-K 1 h68187e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 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): October 7, 2009
ENTERPRISE PRODUCTS PARTNERS L.P.
(Exact name of registrant as specified in its charter)
         
Delaware   1-14323   76-0568219
(State or other jurisdiction of
incorporation )
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
1100 Louisiana St., 10th Floor, Houston, Texas   77002
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (713) 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 below):
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
     On October 7, 2009, Enterprise Products Partners L.P. issued a press release announcing interim results and an amendment to the previously announced exchange offers and consent solicitations by its principal operating subsidiary, Enterprise Products Operating LLC. As of 5:00 p.m. New York City time, on October 6, 2009, or the Early Consent Date, approximately $1.92 billion aggregate principal amount of the notes of TEPPCO Partners, L.P. had been validly tendered for exchange (and not validly withdrawn), such that the requisite consents for each series of TEPPCO notes have been received and thus the proposed amendments to the TEPPCO indentures governing these notes will be adopted, assuming all other conditions of the exchange offers and consent solicitations are satisfied or waived, as applicable. In addition, Enterprise Products Operating LLC has amended the exchange offers to provide that the exchange price for each TEPPCO note validly tendered (and not validly withdrawn) after the Early Consent Date and prior to 9:00 a.m., New York City time, on October 26, 2009, unless extended, will be 100% of its principal amount (rather than 97% as previously offered). The terms and conditions of the exchange offers and consent solicitations are described in the prospectus dated October 7, 2009, as amended by the press release, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
  (d)   Exhibits.
     
Exhibit No.   Description
 
   
99.1
  Press Release dated October 7, 2009.

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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 GP, LLC,
its general partner 
 
     
Date: October 8, 2009  By:   /s/ Michael J. Knesek    
    Michael J. Knesek   
    Senior Vice President, Controller and Principal Accounting Officer of Enterprise Products GP, LLC   
 

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EXHIBIT INDEX
     
Exhibit No.   Description
 
   
99.1
  Press Release dated October 7, 2009.

 

EX-99.1 2 h68187exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
     
(ENTERPRISE LOGO)
  Enterprise Products Partners L.P.
P.O. Box 4324
Houston, TX 77210
(713) 381-6500
Enterprise Announces Interim Results of Exchange Offers and Consent
Solicitations, and Amends Exchange Price to TEPPCO Note Holders
Tendering Prior to Expiration Date
     Houston, Texas (Wednesday, October 7, 2009) — Enterprise Products Partners L.P. (NYSE:EPD) (“Enterprise”) today announced interim results from the offers to exchange all properly tendered and accepted notes of the series listed in the table immediately following this paragraph (which were previously issued by TEPPCO Partners, L.P. (“TEPPCO”)) and the related solicitations of consents to the proposed amendments to the indentures governing such notes, all as conducted by Enterprise’s principal operating subsidiary, Enterprise Products Operating LLC (“EPO”). As of 5:00 p.m., New York City time, on October 6, 2009 (the “Early Consent Date”), and as indicated in the table below, approximately $1.92 billion aggregate principal amount of TEPPCO notes had been validly tendered for exchange (and not validly withdrawn), such that the requisite consents for each series of TEPPCO notes have been received (such consents being irrevocable after the Early Consent Date by the terms and conditions of the exchange offers and consent solicitations as described in the corresponding prospectus). In light of having received the requisite consents, the proposed amendments to the TEPPCO indentures governing the TEPPCO notes will be adopted, assuming all other conditions of the exchange offers and consent solicitations are satisfied or waived, as applicable. Also as a result of having received the requisite consents as of the Early Consent Date, effective as of October 7, 2009, EPO has amended the exchange offers to provide that the exchange price for each TEPPCO note validly tendered (and not validly withdrawn) after the Early Consent Date and prior to 9:00 a.m., New York City time, on October 26, 2009, unless extended (the “expiration date”), will be 100% of its principal amount (rather than 97% as previously offered). The following table shows the principal amount of each such series tendered by the Early Consent Date.
                                 
                    Outstanding     Percentage of
                    Principal Amount     Outstanding
            Aggregate     Tendered     Principal Amount
            Principal     as of Early     Tendered as of Early
TEPPCO Notes   CUSIP No.     Amount     Consent Date     Consent Date
 
                               
7.625% Senior Notes due 2012
    872384AA0     $ 500,000,000     $ 476,405,000       95.28 %
6.125% Senior Notes due 2013
    872384AB8     $ 200,000,000     $ 182,487,000       91.24 %
5.90% Senior Notes due 2013
    872384AD4     $ 250,000,000     $ 237,422,000       94.97 %
6.65% Senior Notes due 2018
    872384AE2     $ 350,000,000     $ 342,380,000       97.82 %
7.55% Senior Notes due 2038
    872384AF9     $ 400,000,000     $ 398,514,000       99.63 %
7.00% Junior Fixed/Floating Subordinated Notes due 2067
    872384AC6     $ 300,000,000     $ 285,001,000       95.00 %
 
                         
 
          $ 2,000,000,000     $ 1,922,209,000       96.11 %
     The exchange offers and consent solicitations are made under terms and subject to the conditions set forth in the prospectus contained in the registration statement on Form S-4 filed by Enterprise and EPO with the Securities and Exchange Commission (Registration Statement No. 333-162091), as amended on October 7, 2009 (including to reflect the extended offer terms set

1


 

forth above), and a related letter of transmittal and consent that contains a more complete description of the terms and conditions of the exchange offers and consent solicitations.
     A holder who validly tenders its TEPPCO notes for exchange will be deemed to have delivered its consent to the proposed amendments to the applicable TEPPCO indenture under which those notes were issued. Tenders of TEPPCO notes may be withdrawn any time prior to the expiration date; however, consents to the proposed amendments may no longer be revoked after the Early Consent Date. Tenders of TEPPCO notes may not be validly withdrawn after the expiration date, unless EPO changes the exchange price for the TEPPCO notes or is required by law to permit withdrawal.
     Enterprise’s obligation to complete the exchange offers and consent solicitations are conditioned upon, among other things, completion of the proposed merger of TEPPCO with a wholly owned subsidiary of Enterprise and receipt of valid consents sufficient to affect all of the proposed amendments to the TEPPCO indentures. The merger and related transactions are not conditioned upon the commencement or completion of the exchange offers or consent solicitations.
     This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The exchange offers and consent solicitations are being made only by means of a prospectus that is part of a registration statement, and such exchanges shall not be made until the registration statement has been declared effective by the SEC.
     Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemical products through approximately 36,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing, and storage; NGL fractionation (or separation), transportation, storage and import and export terminaling; crude oil transportation and offshore production platform; and petrochemical transportation and storage services. For more information, visit Enterprise on the web at www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP, LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE: EPE). For more information on Enterprise GP Holdings L.P., visit its website at www.enterprisegp.com.
  Contacts:    Randy Burkhalter, Investor Relations (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635

2

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