Deals 08/11/2020

Loop Capital Markets acts as co-manager on a $3 billion senior unsecured bond offering for MPLX LP

On August 11, 2020, Loop Capital Markets acted as a co-manager on a two-tranche, $3 billion, senior unsecured bond offering for MPLX LP. The notes are rated BBB/BBB across 6- and 10-year tranches.

Use of proceeds are earmarked for repaying or redeem existing indebtedness, and any remaining net proceeds will be used for general partnership purposes.