NYSE:MPLXOil and Gas
Did MPLX's Long-Dated Debt Raise Just Quietly Redefine Its Capital Allocation Story (MPLX)?
MPLX LP recently completed two fixed-rate senior unsecured note offerings totaling about US$1.49 billion, issuing 5.3% notes due 2036 and 6.1% notes due 2056 at slight discounts, supported by a syndicate of co-lead underwriters including BofA Securities, Mizuho, TD Securities, and Wells Fargo.
By pairing long-dated fixed-income issuance with fresh shelf registration documents and supplemental indentures, MPLX is locking in diversified debt funding that can underpin its pipeline and...