MPLX amendment to extend, increase revolver to $2 billion upon merger

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – MPLX LP entered into amendment to its revolving credit facility on Tuesday that will extend the facility’s maturity and expand its capacity following completion of a planned merger, according to a press release.

The revolver’s capacity will double to $2 billion from $1 billion upon the company’s merger with MarkWest Energy Partners, LP. Its maturity will be extended to five years from the merger date.

The amendment will take effect only upon completion of the merger, which is expected to occur later this year.

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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