06:01 PM EDT, 05/15/2024 (MT Newswires) -- MPLX ( MPLX ) priced an underwritten public offering of $1.65 billion of 5.50% senior notes due 2034 at 98.778% of par, the company said Wednesday.

The proceeds will be used to repay, redeem or retire $1.15 billion of notes due in December this year and $500 million of notes due in February next year.

The offering is expected to close Monday.

Price: 40.39, Change: -0.01, Percent Change: -0.02