MPLX LP’s $1.65 Billion Registered Senior Notes Offering

Cravath represented the underwriters in connection with the $1.65 billion registered senior notes offering of MPLX LP, a master limited partnership formed by Marathon Petroleum Corporation. MPLX LP owns, operates, develops and acquires pipelines and other midstream assets related to the transportation and storage of crude oil, refined products and other hydrocarbon-based products. The transaction closed on May 20, 2024.

The Cravath team included partners D. Scott Bennett and Ryan J. Patrone and associate Katie DelGhingaro on capital markets matters, partner Andrew T. Davis on tax matters, and partner Matthew Morreale and associate Star S. Gulant on environmental matters. Ali Jimenez also worked on capital markets matters and Jessica Shung worked on tax matters.