Item 8.01 Other Events.
On October 23, 2009, Enterprise Products Partners L.P. (Enterprise) issued a joint press
release with TEPPCO Partners, L.P. (TEPPCO) announcing the approval by TEPPCO unitholders of the
merger of TEPPCO and Enterprise pursuant to the Agreement and Plan of Merger, dated as of June 28,
2009 (the Merger Agreement), by and among Enterprise, Enterprise Products GP, LLC (Enterprise
GP), Enterprise Sub B LLC, TEPPCO and Texas Eastern Products Pipeline Company, LLC (TEPPCO GP).
Approximately 97 percent of the TEPPCO units that voted were cast in favor of the merger and
represented approximately 71 percent of TEPPCOs total outstanding units. In addition,
approximately 96 percent of the votes cast by Unaffiliated TEPPCO Unitholders (as defined below)
approved the merger.
Under TEPPCOs partnership agreement, the affirmative vote of the holders of at least a
majority of TEPPCOs units outstanding was required to approve the merger. In addition, the Merger
Agreement required that the actual votes cast in favor of the merger by the Unaffiliated TEPPCO
Unitholders (which consist of TEPPCO unitholders other than Dan L. Duncan, EPCO, Inc. and certain
other privately held affiliates of Mr. Duncans; TEPPCO GP, Enterprise, Enterprise GP and
Enterprise GP Holdings L.P., the 100% owner of TEPPCO GP (Enterprise GP Holdings); and specified
officers and directors of TEPPCO GP, Enterprise GP and the general partner of Enterprise GP
Holdings) exceed the actual votes cast against the merger by the Unaffiliated TEPPCO Unitholders.
The joint press release also announced that as of 10:00 a.m. CDT October 23, 2009,
approximately $1.94 billion of the $2 billion aggregate principal amount of TEPPCO notes had been
tendered for exchange in connection with Enterprises previously announced offer to exchange TEPPCO
senior and subordinated notes validly tendered for exchange, and not validly withdrawn, prior to
the expiration date (October 26, 2009) for Enterprise notes.
A copy of the joint press release is filed as Exhibit 99.1 hereto and is incorporated herein
by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
99.1
|
Press Release dated October 23, 2009. |
2
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 GP, LLC, | |||
| its general partner | ||||
| Date: October 23, 2009 | By: | /s/ Michael J. Knesek | ||
| Michael J. Knesek | ||||
| Senior Vice President, Controller and Principal Accounting Officer of Enterprise Products GP, LLC | ||||
3
EXHIBIT INDEX
| Exhibit No. | Description | |
99.1
|
Press Release dated October 23, 2009. |