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Subsequent Event
6 Months Ended
Jun. 30, 2024
Subsequent Event [Abstract]  
Subsequent Event
Note 18.  Subsequent Event

Issuance of $2.5 Billion of Senior Notes in August 2024

In August 2024, EPO issued $2.5 billion aggregate principal amount of senior notes comprised of (i) $1.1 billion principal amount of senior notes due February 2035 (“Senior Notes JJJ”) and (ii) $1.4 billion principal amount of senior notes due February 2055 (“Senior Notes KKK”).  Net proceeds from this offering will be used by EPO for general company purposes, including for growth capital investments, and the repayment of debt (including the repayment of all or a portion of our $1.15 billion principal amount of 3.75% Senior Notes MM at their maturity in February 2025).

Senior Notes JJJ were issued at 99.400% of their principal amount and have a fixed interest rate of 4.95% per year.  Senior Notes KKK were issued at 99.663% of their principal amount and have a fixed interest rate of 5.55% per year.  The Partnership guaranteed these senior notes through an unconditional guarantee on an unsecured and unsubordinated basis.