NYSE:MPLXOil and Gas
MPLX Credit Refinance Expands Flexibility Against Valuation And Debt Concerns
MPLX (NYSE:MPLX) has secured a new multi year, multi billion dollar revolving credit agreement totaling $2.5 billion.
The facility replaces prior credit lines and is designed to support future partnership activities and liquidity needs.
Sponsor Marathon Petroleum has also renewed its own multi year revolving credit agreement with a broad banking group.
MPLX enters this refinancing with units trading at $55.24 and a 1 year return of 18.2%. Over 3 years, the return is 104.8%, and over 5 years...