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MPLX Prices $2 Billion Debt Offering
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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.

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