One-Page Deal Sheet
Enterprise Sells Offshore Biz to Fund Eagle Ford Ops
Genesis Energy Lp Enterprise Products Partners LP
Announced Date
July 16,2015
Close Date
July 24,2015
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - July 24, 2015
Enterprise Products Partners L.P. has closed on the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. for approximately $1.5 billion in cash.
Michael A. Creel, chief executive officer of Enterprise’s general partner, said: "We are pleased to complete this transaction with Genesis. The proceeds from this sale significantly enhance our financial flexibility. Including the proceeds we received today, our current liquidity, consisting of unrestricted cash and available borrowing capacity under our credit facilities, is…
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