Note 9. Debt Obligations

The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated:

	September 30, 2012			December 31, 2011
EPO senior debt obligations:
Senior Notes S, 7.625% fixed-rate, due February 2012	$	--		$	490.5
Senior Notes P, 4.60% fixed-rate, due August 2012		--			500.0
Senior Notes C, 6.375% fixed-rate, due February 2013		350.0			350.0
Senior Notes T, 6.125% fixed-rate, due February 2013		182.5			182.5
Senior Notes M, 5.65% fixed-rate, due April 2013		400.0			400.0
Senior Notes U, 5.90% fixed-rate, due April 2013		237.6			237.6
Senior Notes O, 9.75% fixed-rate, due January 2014		500.0			500.0
Senior Notes G, 5.60% fixed-rate, due October 2014		650.0			650.0
Senior Notes I, 5.00% fixed-rate, due March 2015		250.0			250.0
Senior Notes X, 3.70% fixed-rate, due June 2015		400.0			400.0
Senior Notes FF, 1.25% fixed-rate, due August 2015		650.0			--
Senior Notes AA, 3.20% fixed-rate, due February 2016		750.0			750.0
$3.5 Billion Multi-Year Revolving Credit Facility, variable-rate, due September 2016		85.0			150.0
Senior Notes L, 6.30% fixed-rate, due September 2017		800.0			800.0
Senior Notes V, 6.65% fixed-rate, due April 2018		349.7			349.7
Senior Notes N, 6.50% fixed-rate, due January 2019		700.0			700.0
Senior Notes Q, 5.25% fixed-rate, due January 2020		500.0			500.0
Senior Notes Y, 5.20% fixed-rate, due September 2020		1,000.0			1,000.0
Senior Notes CC, 4.05% fixed-rate, due February 2022		650.0			650.0
Senior Notes D, 6.875% fixed-rate, due March 2033		500.0			500.0
Senior Notes H, 6.65% fixed-rate, due October 2034		350.0			350.0
Senior Notes J, 5.75% fixed-rate, due March 2035		250.0			250.0
Senior Notes W, 7.55% fixed-rate, due April 2038		399.6			399.6
Senior Notes R, 6.125% fixed-rate, due October 2039		600.0			600.0
Senior Notes Z, 6.45% fixed-rate, due September 2040		600.0			600.0
Senior Notes BB, 5.95% fixed-rate, due February 2041		750.0			750.0
Senior Notes DD, 5.70% fixed-rate, due February 2042		600.0			600.0
Senior Notes EE, 4.85% fixed-rate, due August 2042		750.0			--
Senior Notes GG, 4.45% fixed-rate, due February 2043		1,100.0			--
TEPPCO senior debt obligations:
TEPPCO Senior Notes, 7.625% fixed-rate, due February 2012		--			9.5
TEPPCO Senior Notes, 6.125% fixed-rate, due February 2013		17.5			17.5
TEPPCO Senior Notes, 5.90% fixed-rate, due April 2013		12.4			12.4
TEPPCO Senior Notes, 6.65% fixed-rate, due April 2018		0.3			0.3
TEPPCO Senior Notes, 7.55% fixed-rate, due April 2038		0.4			0.4
Total principal amount of senior debt obligations		14,385.0			12,950.0
EPO Junior Subordinated Notes A, fixed/variable-rate, due August 2066		550.0			550.0
EPO Junior Subordinated Notes C, fixed/variable-rate, due June 2067		285.8			285.8
EPO Junior Subordinated Notes B, fixed/variable-rate, due January 2068		682.7			682.7
TEPPCO Junior Subordinated Notes, fixed/variable-rate, due June 2067		14.2			14.2
Total principal amount of senior and junior debt obligations		15,917.7			14,482.7
Other, non-principal amounts:
Change in fair value of debt hedged in fair value hedging relationship (1)		42.7			73.8
Unamortized discounts, net of premiums		(38.4	)		(30.0	)
Unamortized deferred net gains related to terminated interest rate swaps (1)		25.2			2.9
Total other, non-principal amounts		29.5			46.7
Less current maturities of debt (2)		(1,200.0	)		(500.0	)
Total long-term debt	$	14,747.2		$	14,029.4

(1) See Note 4 for information regarding our interest rate hedging activities. (2) We expect to refinance the current maturities of our debt obligations prior to their maturity.

The following table presents contractually scheduled maturities of our consolidated debt obligations outstanding at September 30, 2012 for the next five years, and in total thereafter:

			Scheduled Maturities of Debt
	Total		Remainder of 2012		2013		2014		2015		2016		After 2016
Revolving Credit Facility	$	85.0	$	--	$	--	$	--	$	--	$	85.0	$	--
Senior Notes		14,300.0		--		1,200.0		1,150.0		1,300.0		750.0		9,900.0
Junior Subordinated Notes		1,532.7		--		--		--		--		--		1,532.7
Total	$	15,917.7	$	--	$	1,200.0	$	1,150.0	$	1,300.0	$	835.0	$	11,432.7

Apart from those items discussed below and routine fluctuations in the balance of our revolving credit facility, there have been no significant changes in the terms or amounts of our consolidated debt obligations since those reported in our 2011 Form 10-K.

Parent-Subsidiary Guarantor Relationships

Enterprise Products Partners L.P. acts as guarantor of the consolidated debt obligations of EPO with the exception of the remaining debt obligations of TEPPCO. If EPO were to default on any of its guaranteed debt, Enterprise Products Partners L.P. would be responsible for full and unconditional repayment of that obligation.

Issuance of Senior Notes in February and August 2012

In February 2012, EPO issued $750.0 million in principal amount of 30-year unsecured Senior Notes EE at 99.542% of their principal amount. Senior Notes EE have a fixed interest rate of 4.85% and mature on August 15, 2042. Net proceeds from the issuance of Senior Notes EE were used to repay amounts due upon the maturity of $490.5 million principal amount of EPO Senior Notes S due February 2012 and $9.5 million principal amount of TEPPCO Senior Notes due February 2012 and for general company purposes.

In August 2012, EPO issued $650.0 million in principal amount of 3-year unsecured Senior Notes FF at 99.941% of their principal amount and $1.1 billion in principal amount of 30-year unsecured Senior Notes GG at 99.470% of their principal amount. Senior Notes FF have a fixed interest rate of 1.25% and mature on August 13, 2015, and Senior Notes GG have a fixed interest rate of 4.45% and mature on February 15, 2043. Net proceeds from the issuance of Senior Notes FF and GG were used to temporarily reduce borrowings under EPO's $3.5 Billion Multi-Year Revolving Credit Facility and for general company purposes.

Enterprise Products Partners L.P. has unconditionally guaranteed Senior Notes EE, FF and GG on an unsecured and unsubordinated basis. These senior notes rank equal with EPO's existing and future unsecured and unsubordinated indebtedness and are senior to any existing and future subordinated indebtedness of EPO. These senior notes are subject to make-whole redemption rights and were issued under indentures containing certain covenants, which generally restrict EPO's ability (with certain exceptions) to incur debt secured by liens and engage in sale and leaseback transactions.

Commercial Paper Program

In August 2012, EPO established a commercial paper program under which it may issue (and have outstanding at any time) up to $2.0 billion in the aggregate of short-term commercial paper notes. As of September 30, 2012, no notes had been issued under this program. We intend to maintain a minimum available borrowing capacity under EPO's existing $3.5 Billion Multi-Year Revolving Credit Facility equal to any amount outstanding under commercial paper notes as a back-stop to the program. To the extent such commercial paper notes are issued in the future, they will be senior unsecured obligations of EPO that are unconditionally guaranteed by Enterprise Products Partners L.P. Proceeds generated from the issuance of these notes are expected to be used for general company purposes.

Letters of Credit

At September 30, 2012, EPO had $37.5 million in letters of credit outstanding related to its commodity derivative instruments. These letters of credit do not reduce the amount available for borrowing under EPO's $3.5 Billion Multi-Year Revolving Credit Facility.

Lender Financial Covenants

We were in compliance with the financial covenants of our consolidated debt agreements at September 30, 2012.

Information Regarding Variable Interest Rates Paid

The following table presents the range of interest rates and weighted-average interest rates paid on our consolidated variable-rate debt obligation during the nine months ended September 30, 2012:

	Range of Interest Rates Paid	Weighted-Average Interest Rate Paid
EPO $3.5 Billion Multi-Year Revolving Credit Facility	1.52% to 3.63%	1.57%