MPLX LP
Description
Priced two series of senior notes in public offering: $1.25 billion of 4.125% notes due in March 2027; and $1 billion of 5.200% notes due in March 2047. Net proceeds will support general partnership purposes including acquisitions--including the planned Marathon Petroleum Corp. dropdown--and capex. Barclays Capital Inc.; Citigroup Global Markets Inc.; MUFG Securities Americas Inc.; Wells Fargo Securities LLC; BNP Paribas Securities Corp.; Merrill Lynch, Pierce, Fenner & Smith Inc.; Mizuho Securities USA Inc.; RBC Capital Markets LLC; SunTrust Robinson Humphrey Inc.; TD Securities (USA) LLC; UBS Securities LLC; and U.S. Bancorp Investments Inc. are joint book-running managers.