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Published on 12/30/2020 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

MPLX announces redemption of outstanding 5.25% senior notes due 2025

By Cady Vishniac

Detroit, Dec. 30 – MPLX LP will redeem its $750 million outstanding of 5.25% senior notes due Jan. 21, 2025 (ISIN: US88160QAN34) at 102.625 on Jan. 15, according to a press release.

Approximately $42 million of the notes were issued by subsidiaries Andeavor Logistics LP and Tesoro Logistics Finance Corp.

MPLX is a Findlay, Ohio-based owner, operator and developer of crude oil pipeline and midstream assets in the United States.


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