MPLX LP prices $1.5 billion senior notes offering

Core Viewpoint - MPLX LP has announced the pricing of $1.5 billion in unsecured senior notes, which includes $1.0 billion of 5.300% senior notes due in 2036 and $500 million of 6.100% senior notes due in 2056 [1][2]. Group 1: Offering Details - The net proceeds from this offering will be used to repay $1.5 billion of 1.750% senior notes that are due in March 2026 [2]. - The closing of the offering is expected on February 12, 2026, pending customary closing conditions [2]. - Citigroup Global Markets Inc., Barclays Capital Inc., MUFG Securities Americas Inc., and RBC Capital Markets, LLC are the joint book-running managers for this offering [2]. Group 2: Company Overview - MPLX LP is a diversified, large-cap master limited partnership that operates midstream energy infrastructure and logistics assets, providing fuels distribution services [4]. - The company'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 [4]. - MPLX 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 [4].