Enterprise Products Partners LP美股招股说明书(2025-11-12版)

$300,000,000 4.30% Senior Notes due 2028$600,000,000 4.60% Senior Notes due 2031$750,000,000 5.20% Senior Notes due 2036 Unconditionally Guaranteed byEnterprise Products Partners L.P. This prospectus supplement relates to our offering of three series of senior notes. The senior notes due 2028, which we refer to as “2028 notes,” bear interest at the rate of 4.30% peryear and will mature on June20, 2028. The senior notes due 2031, which we refer to as “2031 notes,” bear interest at the rate of 4.60% per year and will mature on January15, 2031. Thesenior notes due 2036, which we refer to as “2036 notes,” bear interest at the rate of 5.20% per year and will mature on January15, 2036. We refer to the 2028 notes, the 2031 notes and the2036 notes offered hereby, respectively, as the “additional 2028 notes,” the “additional 2031 notes” and the “additional 2036 notes,” and collectively, as the “additional notes.” The additionalnotes offered hereby constitute further issuances of (i) 2028 notes initially issued in the aggregate principal amount of $500.0million on June20, 2025, (ii) 2031 notes initially issued in theaggregate principal amount of $750.0million on June20, 2025 and (iii) 2036 notes initially issued in the aggregate principal amount of $750.0million on June20, 2025 (collectively, the“existing notes”). We refer to the additional notes and the existing notes collectively as the “notes.” The additional notes of each series offered hereby will form a single series with, and havethe same terms (other than the initial offering price and issuance date) as, the corresponding series of existing notes. Upon settlement, the additional notes of each series offered hereby will beissued under the same indenture, will have the same CUSIP number and will trade interchangeably with the corresponding series of existing notes. Interest on the 2028 notes is payable on June20 and December20 of each year, and the first interest payment on the additional 2028 notes offered hereby will be made onDecember20, 2025. Interest on the 2031 notes and the 2036 notes is payable on January15 and July15 of each year, and the first interest payment on the additional 2031 notes and 2036notes offered hereby will be made on January15, 2026. Interest on the additional 2028 notes, the additional 2031 notes and the additional 2036 notes will accrue from June20, 2025. We may redeem some or all of the notes of each series at any time at the applicable redemption prices described in “Description of the Notes—Optional Redemption,” plus accruedand unpaid interest thereon to the redemption date. The notes are unsecured and will rank equally with all of our other existing and future unsecured and unsubordinated indebtedness. The notes will be guaranteed by our parent,Enterprise Products Partners L.P., on an unsecured and unsubordinated basis, and in certain circumstances may be guaranteed in the future on the same basis by one or more of oursubsidiaries. The notes will not be listed on any securities exchange. Investing in the notes involves certain risks. See “Risk Factors” beginning onpageS-7of this prospectus supplement and on page 2 of theaccompanying prospectus. Neither the United States Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if thisprospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Joint Book-Running Managers Table of Contents TABLE OF CONTENTS Prospectus Supplement SummaryRisk FactorsUse of ProceedsCapitalizationDescription of the NotesMaterial U.S. Federal Income Tax ConsequencesCertain ERISA ConsiderationsUnderwritingLegal MattersExpertsInformation Incorporated By ReferenceForward-Looking Statements Prospectus About this ProspectusOur CompanyRisk FactorsUse of ProceedsDescription of Debt SecuritiesDescription of our Common UnitsCash Distribution PolicyDescription of our Partnership AgreementMaterial Tax ConsequencesInvestment in Common Units or Debt Securities by Employee Benefit PlansPlan of DistributionWhere You Can Find More InformationIncorporation by ReferenceForward-Looking StatementsLegal MattersExperts Table of Contents Important Notice About Information in ThisProspectus Supplement and the Accompanying Prospectus This document is in two parts. The first part is this prospectus supplement, which describes the terms of this offering of additional notes andcertain terms of the notes and the guarantee. The second part is the accompanying prospectus, which describes certain terms of the Indenture (as definedunder “Description of the Notes”) under which the notes will be issued and which gives more general information, some of which may not apply to thisoffering of additional notes. If the information varies between this prospectus supplement and the accompanying prospectus, you should rely on the information in thisprospectus supplement. You sh