April 21, 2018 12:05 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Enterprise Products Operating LLC

Company Overview

Enterprise Products Operating LLC provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. The company’s NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services, as well as export docks and related services. This segment operates approximately 19,600 miles of NGL pipelines; NGL and related product storage facilities; and 14 NGL fractionators. Its Crude Oil Pipelines & Services segment operates approximately 5,800 miles of crude oil pipelines and storage terminals; and markets crude oil. This segment’s pipelines ga...

1100 Louisiana Street

10th Floor

Houston, TX 77002

United States

Phone:

713-381-6500

Key Executives for Enterprise Products Operating LLC

Former CFO, EVP & Director of Enterprise Products Olpgp Inc
Age: 63
Chief Executive Officer and Vice Chairman of Enterprise Products OLPGP Inc
Age: 81
Principal Accounting Officer & VP Enterprise Products Olpgp Inc, Enterprise Products GP LLC
Age: 62
Chief Legal Officer & EVP of Enterprise Products GP LLC & Enterprise Products OLPGP Inc
Age: 64
Executive Vice President of Enterprise Products GP LLC
Age: 81
Compensation as of Fiscal Year 2017.

Enterprise Products Operating LLC Key Developments

Enterprise Products Operating Enters into New Revolving Credit Facilities to Extend Maturities

Enterprise Products Partners L.P announced that its operating subsidiary, Enterprise Products Operating LLC has entered into new revolving credit facilities to extend the respective maturity dates of its existing credit facilities. The new facilities consist of a $4 billion multi-year revolving credit agreement that matures on Sept. 13, 2022 and a $1.5 billion 364-day revolving credit agreement that matures on Sept. 12, 2018. The new facilities replace Enterprise Products Operating's existing revolving credit facilities, and its aggregate borrowing capacity remains unchanged.

Enterprise Products Operating Mulls Acquisitions

Enterprise Products Operating LLC expect to use the net proceeds from any sale of securities described in this prospectus for our growth capital spending program, future business acquisitions and other general partnership or company purposes, such as working capital, investments in unconsolidated affiliates, the retirement of existing debt and/or the repurchase of common units or other securities. The prospectus supplement will describe the actual use of the net proceeds from the sale of securities. The exact amounts to be used and when the net proceeds will be applied to partnership or company purposes will depend on a number of factors, including our funding requirements and the availability of alternative funding sources.

Enterprise Products Operating Amends its Maturity Date 364-Day Revolving Credit Agreement to September 2017

Enterprise Products Partners L.P. reported that its operating subsidiary, Enterprise Products Operating (EPO), has amended its 364-Day Revolving Credit Agreement to extend the maturity date of the facility to September 2017. Under the terms of the amended facility, EPO may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion at EPO's election.

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Recent Private Companies Transactions

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