MPLX LP filed an 8-K on February 12, 2026, to report the execution of an underwriting agreement for the issuance of $1.5 billion in senior notes, consisting of $1.0 billion of 5.300% notes due 2036 and $500 million of 6.100% notes due 2056. This filing provides the related legal agreements and opinions for the debt offering.
Key takeaways
MPLX LP entered into an underwriting agreement dated February 5, 2026, for a senior notes offering.
The offering consists of two series: $1,000,000,000 aggregate principal amount of 5.300% Senior Notes due 2036 and $500,000,000 aggregate principal amount of 6.100% Senior Notes due 2056.
The underwriters are represented by Citigroup Global Markets Inc., Barclays Capital Inc., MUFG Securities Americas Inc., and RBC Capital Markets, LLC.
The notes will be issued under a senior indenture dated February 12, 2015, as supplemented by the Thirty-Sixth and Thirty-Seventh Supplemental Indentures dated February 12, 2026.
Jones Day provided a legal opinion dated February 12, 2026, stating the notes constitute valid and binding obligations of MPLX LP.