MPLX to repay revolving credit facility with senior note proceeds

By Tali Rackner

Norfolk, Va., Feb. 9 – MPLX LP plans to repay all or a portion of the amount outstanding under its revolving credit facility with the proceeds from a new senior note offering, according to a news release.

Remaining net proceeds, if any, will be used for general partnership purposes, which may include capital expenditures, acquisitions and repayment of debt.

The Findlay, Ohio, limited partnership was formed by Marathon Petroleum Corp. to own, operate, develop and acquire crude oil, refined product and other hydrocarbon-based product pipelines and midstream assets.

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