Magellan Midstream Partners LP - 2015-03-02
Description
Priced an offering of $250 million senior notes due 2025 at 99.871% of par and $250 million notes due 2045 at 99.965% of par. Proceeds will be used for general partnership purposes and to repay borrowings outstanding under its revolving credit facility and its commercial paper program. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are joint book-running managers. Barclays Capital Inc., Mitsubishi UFJ Securities USA Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, SMBC Nikko Securities America Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are co-managers.