Current MMP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Magellan Midstream prices $500 million of its 3.950% senior notes due 2050
Magellan Midstream Partners LP (stock ticker: MMP), based out of Tulsa, Oklahoma, has priced $500 million of its 3.950% senior notes due 2050 at 99.910% of par to yield 3.955% to maturity.

Proceeds from the offering, after deducting underwriting discounts and estimated offering expenses, are expected to total $494.4 million. These funds will be used by the company for general partnership purposes, including expansion capital projects.

Source: Magellan Midstream

Joint book-running managers for the debt offering include Barclays Capital, PNC Capital Markets, SunTrust Robinson Humphrey, TD Securities a...


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