MPLX announces redemption of its outstanding 5.500% senior notes due 2023
FINDLAY, Ohio, Nov. 8, 2018 /PRNewswire/ — MPLX LP (NYSE: MPLX) today announced that it has issued notices of redemption (the “Redemption Notices”) to redeem all of the $750 million outstanding aggregate principal amount of its 5.500% senior notes due on Feb. 15, 2023 (including such notes issued by MarkWest Energy Partners, L.P. and MarkWest Energy Finance Corporation) (together, the “2023 Senior Notes”). The 2023 Senior Notes will be redeemed on Dec. 10, 2018 (the “Redemption Date”) at a price equal to 101.833% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the Redemption Date. The redemption price for the 2023 Senior Notes will be paid with the proceeds from MPLX’s recently announced offering of senior notes.
This news release is for information purposes only and is neither an offer to buy nor a solicitation to sell any of the 2023 Senior Notes. This news release does not constitute a notice of redemption under the Indenture and is qualified in its entirety by reference to the redemption notices issued by MPLX, MarkWest Energy Partners, L.P. and MarkWest Energy Finance Corporation.
About MPLX LP
MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins.
Investor Relations Contact:
Kristina Kazarian (419) 421-2071
Chuck Rice (419) 421-2521
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SOURCE MPLX LP