Enterprise Products Files 8-K on Material Agreement; Details Undisclosed

TL;DR

**EPD filed an 8-K about a material agreement, but the actual details are missing, leaving investors guessing.**

AI Summary

Enterprise Products Partners L.P. filed an 8-K on January 11, 2024, indicating an "Entry into a Material Definitive Agreement" and "Other Events." While the filing confirms the company's status and trading on the New York Stock Exchange under the symbol EPD, it does not disclose the specific details of the material agreement or other events. This matters to investors because without the specifics, it's impossible to assess the financial impact or strategic implications of this new agreement, leaving shareholders in the dark about potential risks or opportunities.

Why It Matters

This filing signals a significant new agreement for Enterprise Products Partners L.P., but the lack of specific details means investors cannot evaluate its potential impact on the company's future performance or valuation.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement without providing any details, creating uncertainty and potential risk for investors who cannot assess its impact.

Analyst Insight

Investors should monitor future SEC filings from Enterprise Products Partners L.P. for an amendment or a new 8-K that provides the crucial details of the material definitive agreement, as this information is essential for a complete financial analysis.

Key Players & Entities

• ENTERPRISE PRODUCTS PARTNERS L.P. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where the company's common units are traded
• EPD (company) — the trading symbol for Enterprise Products Partners L.P.
• January 11, 2024 (date) — date of the earliest event reported in the 8-K

Forward-Looking Statements

• Enterprise Products Partners L.P. will file an amendment or a subsequent 8-K to disclose the details of the material definitive agreement. (ENTERPRISE PRODUCTS PARTNERS L.P.) — medium confidence, target: 2024-02-11

FAQ

Key Financial Figures

• $1.0 billion — "EPO") completed the public offering of $1.0 billion principal amount of EPO's 4.60% senior

Filing Documents

• d674876d8k.htm (8-K) — 37KB
• d674876dex44.htm (EX-4.4) — 164KB
• d674876dex51.htm (EX-5.1) — 30KB
• g674876g0110064825433.jpg (GRAPHIC) — 2KB
• 0001193125-24-006408.txt ( ) — 398KB
• epd-20240111.xsd (EX-101.SCH) — 3KB
• epd-20240111_lab.xml (EX-101.LAB) — 18KB
• epd-20240111_pre.xml (EX-101.PRE) — 11KB
• d674876d8k_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. On January 11, 2024, 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 4.60% senior notes due 2027 (the "Senior Notes HHH") and $1.0 billion principal amount of EPO's 4.85% senior notes due 2034 (the "Senior Notes III" and, together with the Senior Notes HHH, 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. 333-261416 and 333-261416-01) (the "Registration Statement"), as supplemented by the Prospectus Supplement dated January 2, 2024, relating to the Securities, filed with the United States Securities and Exchange Commission (the "SEC") on January 3, 2024, pursuant to Rule 424(b) of the Securities Act (together with the accompanying prospectus dated November 30, 2021, the "Prospectus"). The Securities were issued under (a) the Indenture, dated as of October 4, 2004 (the "Original Indenture"), among EPO (as successor to Enterprise Products Operating L.P.), as issuer, the Partnership, as parent guarantor, and Wells Fargo Bank, National Association, as trustee (the "Original Trustee"), as amended and supplemented by (i) the Tenth Supplemental Indenture, dated as of June 30, 2007 (the "Tenth Supplemental Indenture"), providing for EPO as the successor issuer, and (ii) the Thirty-Sixth Supplemental Indenture, dated as of September 15, 2021 (the "Thirty-Sixth Supplemental Indenture"), among EPO, as issuer, the Partnership, as parent guarantor, the Original Trustee and U.S. Bank National Associat

01

Item 8.01 Other Events. Certain legal opinions related to the Registration Statement are filed herewith as Exhibit 5.1. 1

Financial Statements and Exhibits

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-Sixth Supplemental Indenture, dated as of September 15, 2021, by and among Enterprise Products Operating LLC, as Issuer, Enterprise Products Partners L.P., as Parent Guarantor, Wells Fargo Bank, National Association, as Original Trustee, and U.S. Bank National Association, as Series Trustee (incorporated by reference to Exhibit 4.3 to Form 8-K filed September 15, 2021). 4.4 Thirty-Eighth Supplemental Indenture, dated as of January 11, 2024, by and among Enterprise Products Operating LLC, as Issuer, Enterprise Products Partners L.P., as Parent Guarantor, and U.S. Bank Trust Company, National Association, as Series Trustee. 4.5 Form of Note (included in Exhibit 4.4 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 4, 2024). 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. 2

SIGNATURES

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 11, 2024 By: /s/ R. Daniel Boss Name: R. Daniel Boss Title: Executive Vice President – Accounting, Risk Control and Information Technology of the General Partner 3

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View this 8-K filing on SEC EDGAR