MPLX LP prices $2.0 billion senior notes offering
- MPLX LP has priced $2.0 billion in aggregate principal amount of unsecured senior notes, including $1.0 billion of 5.400% notes due 2035 and $1.0 billion of 5.950% notes due 2055.
- MPLX intends to use the net proceeds to repay some of its outstanding notes, including $1,189 million of 4.875% senior notes due June 2025.
- The closing of this offering is expected to occur on March 10, 2025, pending customary closing conditions.
- BofA Securities, Inc., Barclays Capital Inc., and J.P. Morgan Securities LLC are acting as joint book-running managers for this offering.
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Total News Sources19
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 17%
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