MPLX Prices $2 Billion Debt Offering-February 2024-www.financetom.com

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

MPLX Prices $2 Billion Debt Offering

Mar 3, 2025 3:12 PM

05:47 PM EST, 03/03/2025 (MT Newswires) -- MPLX ( MPLX ) said Monday that it priced a $2 billion underwritten public offering of unsecured senior notes.

The offering includes $1 billion of 5.4% senior notes due 2035 and $1 billion of 5.95% senior notes due 2055, according to the company.

Net proceeds from the offering will be used to repay, redeem or retire some or all of the company's outstanding $1.19 billion 4.875% senior notes due June 2025 and MarkWest's outstanding $11 million 4.875% senior notes due June 2025, MPLX ( MPLX ) added.

Additionally, the funds will be used for general partnership purposes.

MPLX ( MPLX ) expects to close the offering on March 10.

Previous page： Liberty Media Q1 Net Earnings, Revenue Rise Next page： TripAdvisor's Q1 Non-GAAP Earnings, Revenue Rise; Special Committee Decides for now Against any Third-Party Transactions

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Liberty Media Q1 Net Earnings, Revenue Rise

May 8, 2024

09:16 AM EDT, 05/08/2024 (MT Newswires) -- Liberty Media ( LLYVB ) (LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) reported Q1 net earnings attributable to stockholders Wednesday of $203 million, compared with $15 million a year earlier. Total revenue for the quarter ended March 31 was $2.75 billion, up from $2.56 billion a year ago. Analysts' estimates were not available...

TripAdvisor's Q1 Non-GAAP Earnings, Revenue Rise; Special Committee Decides for now Against any Third-Party Transactions

May 8, 2024

09:17 AM EDT, 05/08/2024 (MT Newswires) -- TripAdvisor ( TRIP ) reported Q1 non-GAAP earnings Wednesday of $0.12 per diluted share, up from $0.05 a year earlier. Analysts polled by Capital IQ expected $0.04. Revenue for the quarter that ended March 31 was $395 million, up from $371 million a year earlier. Analysts surveyed by Capital IQ expected $394.8 million....

Syndax Pharmaceuticals Q1 Net Loss Widens

May 8, 2024

09:22 AM EDT, 05/08/2024 (MT Newswires) -- Syndax Pharmaceuticals ( SNDX ) reported a Q1 net loss Wednesday of $0.85 per diluted share, wider than a loss of $0.59 a year earlier. Analysts polled by Capital IQ expected a loss of $0.97. The company didn't report any revenue, as expected. As of Mar. 31, the company had $522.0 million in...

Kennametal Fiscal Q3 Earnings, Sales Decline; Fiscal 2024 Outlook Narrowed

May 8, 2024

09:20 AM EDT, 05/08/2024 (MT Newswires) -- Kennametal ( KMT ) reported fiscal Q3 earnings Wednesday of $0.24 per diluted share, down from $0.39 a year earlier. Analysts polled by Capital IQ expected $0.29. Sales for the quarter ended March 31 were $515.8 million, down from $536 million a year earlier. Analysts surveyed by Capital IQ expected $518.2 million. The...