Magellan Midstream Partners LP
Description
Priced an offering of 3.25% senior notes due 2030 at 99.88% of par to yield 3.264% to maturity. Proceeds will be used for general partnership purposes, which may include capital projects and repayment of indebtedness, including borrowings under its revolving credit facility and commercial paper program and redemption of its 2021 notes. J.P. Morgan Securities LLC, Mizuho Securities USA LLC, RBC Capital Markets LLC, SMBC Nikko Securities America Inc. and U.S. Bancorp Investments Inc. are joint book-running managers. Barclays Capital Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc., TD Securities (USA) LLC and Wells Fargo Securities LLC are co-managers.