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MPLX Prices $2.25 Billion Debt Offering

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MPLX (MPLX) priced a $2.25 billion public offering of senior unsecured notes, the company said late Monday.

The offering comprises $1.25 billion of 4.7% notes due 2029, $500 million of 5% notes due 2032, and $500 million of 5.5% notes due 2036.

MPLX expects the offering to close Aug. 24 and plans to use the proceeds to repay its $1.25 billion of 4.125% senior notes due March 2027, and for general partnership purposes, it said.

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