MPLX will redeem $750 million 5.5% senior notes due 2023 on Dec. 10

By Sarah Lizee

Olympia, Wash., Nov. 8 – MPLX LP said it will redeem its $750 million of 5.5% senior notes due Feb. 15, 2023 on Dec. 10, according to a Thursday press release.

As previously reported, the notes will be redeemed at 101.833 plus accrued interest up to but excluding the redemption date.

The redemption price will be paid using proceeds of notes to be issued by the company in two tranches.

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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