MPLX Prices $1.65B Of 5.50% Senior Notes Due 2034 In Public Offering
Portfolio Pulse from Benzinga Newsdesk
MPLX has priced $1.65 billion of 5.50% senior notes due 2034 in a public offering, with the notes offered at 98.778% of par.
May 15, 2024 | 9:55 pm
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MPLX has successfully priced $1.65 billion of 5.50% senior notes due 2034 in a public offering, with the notes offered at 98.778% of par. This move is likely to provide MPLX with significant capital for its operations and growth.
The successful pricing of senior notes indicates strong investor confidence and provides MPLX with substantial capital. This is likely to positively impact MPLX's stock price in the short term as it strengthens their financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100