To
provide an incremental $1.0 billion of borrowing capacity in addition
to the aggregate $5.0 billion of borrowing capacity currently available
under its Existing Credit Agreements (as defined in Item 2.03 below), on
April 3, 2020 Enterprise Products Operating LLC, a Texas limited
liability company (“EPO”) and the operating subsidiary of Enterprise
Products Partners L.P., a Delaware limited partnership (the
“Partnership”), entered into a 364-Day Revolving Credit Agreement among
EPO, as Borrower; Citibank, N.A. as Administrative Agent; and the
lenders party thereto (the “Additional 364-Day Credit Agreement”). Under
the terms of the Additional 364-Day Credit Agreement, EPO may borrow up
to $1.0 billion at a variable interest rate for a term of 364 days,
subject to the terms and conditions set forth therein.