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MPLX completes $5.5 billion public offering of Senior Notes

February 2018

Client(s) Marathon Petroleum Corporation

Jones Day represented MPLX LP in connection with a public offering of $5.5 billion of Senior Notes, consisting of (i) $500 million aggregate principal amount of 3.375% Senior Notes due 2023, (ii) $1.25 billion aggregate principal amount of 4.000% Senior Notes due 2028, (iii) $1.75 billion aggregate principal amount of 4.500% Senior Notes due 2038, (iv) $1.5 billion aggregate principal amount of 4.700% Senior Notes due 2048, and (v) $500 million aggregate principal amount of 4.900% Senior Notes due 2058. Merrill Lynch, Pierce, Fenner & Smith Incorporated; Barclays Capital Inc.; Mizuho Securities USA Inc.; J.P. Morgan Securities LLC; MUFG Securities Americas Inc.; Wells Fargo Securities, LLC; Citigroup Global Markets Inc.; RBC Capital Markets, LLC; BNP Paribas Securities Corp.; Goldman Sachs & Co. LLC; PNC Capital Markets LLC; Scotia Capital (USA) Inc.; SunTrust Robinson Humphrey, Inc.; TD Securities (USA) LLC, UBS Securities LLC; and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the offering.

MPLX is a diversified, growth-oriented master limited partnership formed in 2012 by Marathon Petroleum Corporation to own, operate, develop, and acquire midstream energy infrastructure assets.

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