Affiliates of Enterprise GP to purchase $200M of common units in 1Q 2016

Enterprise Products Partners LP (NYSE: EPD) confirms that affiliates of Enterprise Products Co. and its general partner (collectively, EPCO) have indicated their intention to purchase a total of $200 million of Enterprise common units during the first quarter of 2016 through the partnership’s distribution reinvestment plan and/or the partnership’s at-the-market (ATM) equity issuance program.

Enterprise will use the proceeds from these purchases to fund a portion of its growth capital investments and for general company purposes. EPCO owns 34% of Enterprise’s common units.

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