Magellan Midstream Partners LP - 2016-02-22
Description
Priced 5.00% senior notes due 2026 in a public offering at 99.875% of par. Net proceeds will support general partnership purposes and repay outstanding revolving credit facilities borrowings, and possibly the commercial paper program. Offering is scheduled to close Feb. 29. Barclays Capital Inc., U.S. Bancorp Investments Inc., Wells Fargo Securities LLC, PNC Capital Markets LLC and SMBC Nikko Securities America Inc. are joint book-running managers. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc., RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are co-managers.