MPLX prices USD 2.25 billion senior notes offering - MPLX News | RalliesMPLX prices USD 2.25 billion senior notes offering
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MPLX• MPLX prices USD 2.25 billion senior notes offering
- MPLX priced an unsecured senior notes offering totaling USD 2.25 billion.
- The deal is split into USD 1.25 billion 4.7% senior notes due 2029, USD 500 million 5% notes due 2032, and USD 500 million 5.5% notes due 2036.
- Net proceeds are earmarked to redeem USD 1.25 billion 4.125% senior notes due March 2027, with remaining funds for general partnership purposes.
- Closing is expected Aug. 24, subject to customary closing conditions.
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