Item 8.01 Other Events.

On July 30, 2020, Enterprise Products Partners L.P. (the "Partnership"), Enterprise Products OLPGP, Inc. ("EPOGP") and Enterprise Products Operating LLC ("EPO") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Scotia Capital (USA) Inc., as representatives of the several underwriters named on Schedule I thereto (the "Underwriters"), relating to the public offering of $250 million principal amount of EPO's 2.800% senior notes due 2030 ("Reopened Senior Notes AAA") and $1.0 billion principal amount of EPO's 3.200% senior notes due 2052 ("Senior Notes DDD" and, together with the Reopened Senior Notes AAA, the "Notes"). The Reopened Senior Notes AAA represent a re-opening of an outstanding series of EPO's senior notes. EPO originally issued $1.0 billion principal amount of Senior Notes AAA on January 15, 2020. The Reopened Senior Notes AAA will form a single series with the original notes of that series, will trade under the same CUSIP number, and will have the same terms as to status, redemption or otherwise as the original notes of that series. 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"). Closing of the issuance and sale of the Securities is scheduled for August 7, 2020 (the "Closing").

The offering of the Securities (the "Offering") 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. 333-230066 and 333-230066-01), as supplemented by the Prospectus Supplement dated July 30, 2020, relating to the Securities, filed with the United States Securities and Exchange Commission on July 31, 2020, pursuant to Rule 424(b) of the Securities Act (together with the accompanying prospectus dated March 5, 2019, the "Prospectus").

The Underwriting Agreement provides that the obligations of the Underwriters to purchase the Notes are subject to customary conditions. The Underwriters are obligated to purchase all of the Notes if they purchase any of the Notes. The Partnership, EPO and EPOGP have agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the Underwriters may be required to make because of any of those liabilities. The Underwriting Agreement also contains other customary representations, warranties and agreements. The summary of the Underwriting Agreement in this report does not purport to be complete and is qualified by reference to such agreement, which is filed as an exhibit hereto and incorporated herein by reference. The Underwriting Agreement contains representations, warranties and other provisions that were made or agreed to, among other things, to provide the parties thereto with specified rights and obligations and to allocate risk among them. Accordingly, the Underwriting Agreement should not be relied upon as constituting a description of the state of affairs of any of the parties thereto or their affiliates at the time it was entered into or otherwise.

The Prospectus provides that EPO expects to use the net proceeds from the Offering for (i) general company purposes, including for growth capital investments, and (ii) the repayment of debt (including the repayment of all or part of EPO's $750 million principal amount of Senior Notes TT, at their maturity in February 2021). Certain of the Underwriters or their affiliates may hold EPO's Senior Notes TT to be repaid with proceeds from the Offering and, accordingly, may receive a substantial portion of the net proceeds from the Offering. In addition, certain of the Underwriters and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial banking and investment banking services for the Partnership and its affiliates, for which they received or will receive customary fees and expense reimbursement.

The Securities are being issued under the Indenture, dated as of October 4, 2004, among EPO (as successor to Enterprise Products Operating L.P.), as issuer, the Partnership, as guarantor, and Wells Fargo Bank, N.A., as trustee (the "Base Indenture"), as amended and supplemented by (i) the Tenth Supplemental Indenture thereto, dated as of June 30, 2007, providing for EPO as successor issuer (the "Tenth Supplemental Indenture") and (ii), in the case of the Reopened Senior Notes AAA, the Thirty-Fourth Supplemental Indenture thereto, dated as of January 15, 2020 (the "Thirty-Fourth Supplemental Indenture"), or, in the case of the Senior Notes DDD, the Thirty-Fifth Supplemental Indenture, to be dated as of August 7, 2020 (the "Thirty-Fifth Supplemental Indenture" and, together with the Tenth Supplemental Indenture and the Thirty-Fourth Supplemental Indenture, the "Supplemental Indentures"). The terms of the Securities, the Base Indenture and the Supplemental Indentures are further described in the Prospectus under the captions "Description of the Notes" and "Description of Debt Securities," which descriptions are incorporated herein by reference and filed herewith as Exhibit 99.1. Such descriptions do not purport to be complete and are qualified by reference to the Base Indenture (which was filed under a Form 8-K on October 6, 2004), the Tenth Supplemental Indenture (which was filed under a Form 10-Q on August 8, 2007), the Thirty-Fourth Supplemental Indenture (which was filed under a Form 8-K on January 15, 2020) and the Thirty-Fifth Supplemental Indenture (which will be filed under a Form 8-K after the Closing).

On July 30, 2020, the Partnership issued a press release relating to the Offering, as contemplated by the Underwriting Agreement. A copy of the press release is furnished herewith as Exhibit 99.2.





                                       2

--------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit
  No.                                    Description

 1.1          Underwriting Agreement, dated July 30, 2020, by and among Enterprise
            Products Partners L.P., Enterprise Products OLPGP, Inc. and Enterprise
            Products Operating LLC and J.P. Morgan Securities LLC, Mizuho
            Securities USA LLC, MUFG Securities Americas Inc. and Scotia Capital
            (USA) Inc. as representatives of the several underwriters named on
            Schedule I thereto.

 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-Fourth Supplemental Indenture, dated as of January 15, 2020,
            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
            4.3 to Form 8-K filed January 15, 2020).

99.1          Description of the Notes and Description of Debt Securities.

99.2          Press Release dated July 30, 2020.




                                       3

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses