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S&P rates Enterprise Products notes BB+
Standard & Poor's said it assigned its BB+ rating to Enterprise Products Operating LP's $500 million senior unsecured notes due 2010.
Proceeds from the issuance will be used for capital expenditure programs and to repay almost $230 million of drawn capacity on its $750 million revolver.
As of March 31, Enterprise had $4.3 billion of debt outstanding.
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