Magellan Midstream Partners LP
Description
Priced its 4.25% senior notes due 2046. The net proceeds of about $488.7 million will repay Magellan’s 5.65% senior notes when due in October, and will repay outstanding commercial paper program borrowings. Any remaining proceeds may support general partnership purposes including capex. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA Inc. and RBC Capital Markets LLC are joint book-running managers. Barclays Capital Inc., PNC Capital Markets LLC, SMBC Nikko Securities America Inc., SunTrust Robinson Humphrey Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are co-managers.