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MPLX LP prices $4.5 billion senior notes offering
MPLX LP has priced an unsecured senior notes offering totaling $4.5 billion, which includes various due dates and interest rates ranging from 4.800% to 6.200% due from 2031 to 2055.
The company plans to use part of the proceeds to fund the acquisition of Northwind Delaware Holdings LLC and increase cash reserves after acquiring BANGL, LLC.
The offering's closing is expected on August 11, 2025, pending customary closing conditions.