BB&T Capital Markets Serves as Co-Manager for MPLX’s $1 Billion 5.20% Offering of Senior Notes due 2047
On February 7, 2017, BB&T Capital Markets served as a co-manager for an offering of $1 billion 5.20% senior notes due 2047 by MPLX, L.P.
Proceeds from the offering are being used for general corporate purposes.
About the Companies
MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. The company engages in gathering, processing, and transportation of natural gas and natural gas liquids; and the gathering, transportation, and storage of crude oil and refined petroleum products. As of December 31, 2015, the company’s assets included approximately 2,900 miles of crude oil and refined product pipelines across 9 states. It also holds a 100% interest in butane cavern located in Neal, West Virginia with approximately 1,000 thousand barrels of storage capacity. In addition, the company operates crude oil and product pipelines owned by third parties. MPLX GP LLC acts as the general partner of MPLX LP. The company was founded in 2012 and is based in Findlay, Ohio.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.