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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): September 8, 1999
EOTT ENERGY PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
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<S> <C> <C>
DELAWARE 1-12872 76-04245200
(State of Incorporation or Organization) (Commission File Number) (I.R.S. Employer
Identification Number)
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1330 Post Oak Boulevard,
SUITE 2700
Houston, Texas
(Address of principal executive offices)
77056
(Zip Code)
Registrant's telephone number, including area code: (713) 993-5200
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ITEM 5. OTHER EVENTS
Consistent with our acquisition strategy, we are engaged in discussions
with a third party relating to a possible acquisition of contracts and
transportation assets, including trucks, crude oil pipelines and storage
facilities. We have entered into a confidentiality agreement that provides that
the owner of the assets will furnish us with confidential information for use in
our evaluation of the assets. We have the exclusive right to discuss this
possible purchase of the assets with the owner until November 1, 1999, or until
an earlier date on which one of the parties gives written notice to the other
that negotiations between the parties have terminated. We do not expect to
discuss a definitive agreement on the terms of the acquisition until such time
as the due diligence process is completed and we have fully evaluated the
results of our due diligence review. We have indicated to the potential seller
that we believe that the acquisition price for the assets would be in the range
of $210 million to $250 million, but we have not reached any agreement regarding
the price for the assets or any other terms of the transaction. If an agreement
is reached regarding this acquisition, we may finance the purchase price through
the issuance of additional common units, the issuance of public or private debt
securities or loans or some combination of the foregoing. We can give you no
assurance regarding when or whether we will reach agreement with the owner on
the terms of the acquisition or that, if we do reach agreement, the acquisition
will be completed.
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SIGNATURE
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 thereunto duly authorized.
Dated: September 8, 1999
EOTT ENERGY PARTNERS, L.P.
(A Delaware Limited Partnership)
By: EOTT ENERGY CORP. as
General Partner
By: /s/ LORI L. MADDOX
Name: Lori L. Maddox
Title: Controller
(Principal Accounting Officer)
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