Enterprise Products Operating LLC

Operating subsidiary of Enterprise Products Partners LP (EPD) priced a public offering of two series of notes comprised of $700 million of junior subordinated notes D (non-call 5) and $1 billion of junior subordinated notes E, both due Aug. 16, 2077. EPD will guarantee both series. The non-call 5 notes will be redeemable by the due date and will bear fixed rate 4.875% annual interest. From due date they will bear floating rate interest based on three-month Libor rate plus 298.6 basis points reset quarterly. The non-call 10 notes will be redeemable by Aug. 16, 2027 and will bear fixed rate 5.25% annual interest. From that date, they will bear floating rate interest based on three-month Libor rate plus 303.3 basis points reset quarterly. Citigroup Global Markets Inc., Barclays Capital Inc., Mizuho Securities USA LLC and MUFG Securities Americas Inc. were joint book-running managers.