MPLX LP Announces Launch of Initial Public Offering
(Thomson Reuters ONE) -
FINDLAY, Ohio, Oct. 18, 2012 - MPLX LP (MPLX), a Delaware limited partnership
and a subsidiary of Marathon Petroleum Corporation (NYSE: MPC), announced today
the launch of its initial public offering of 15,000,000 common units
representing limited partner interests pursuant to a registration statement on
Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). MPLX will
grant the underwriters a 30-day option to purchase from MPLX up to an additional
2,250,000 common units at the initial public offering price to cover over-
allotments, if any. The common units will be listed on the New York Stock
Exchange under the ticker symbol "MPLX."
The common units being offered represent a 19.9 percent limited partner interest
in MPLX, or a 22.9 percent limited partner interest if the underwriters
exercise, in full, their option to purchase additional common units. MPC,
through certain of its subsidiaries, will hold a 2 percent general partner
interest and the remaining limited partner interest in MPLX.
UBS Investment Bank, BofA Merrill Lynch, Morgan Stanley, Citigroup and J.P.
Morgan are acting as joint book-running managers for the offering. Barclays,
Deutsche Bank Securities and Wells Fargo Securities are acting as co-managers
for the offering.
The offering of these securities will be made only by means of a prospectus.
When available, a written prospectus that meets the requirements of Section 10
of the Securities Act of 1933 may be obtained from:
UBS Investment Bank
Prospectus Department
299 Park Avenue
New York, NY 10171
(888) 827-7275
BofA Merrill Lynch
Prospectus Department
222 Broadway
New York, NY 10038
(212) 449-1000
Email: dg.prospectus_requests(at)baml.com
Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
(866) 718-1649
Email: prospectus(at)morganstanley.com
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
(800) 831-9146
J.P. Morgan Securities
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
(866) 803-9204
The registration statement may be obtained free of charge at the SEC's website
at www.sec.gov under the registrant's name, "MPLX LP."
A registration statement relating to these securities has been filed with the
SEC, but has not yet been declared effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About MPLX LP
MPLX is a fee-based, growth-oriented limited partnership recently formed by
Marathon Petroleum Corporation to own, operate, develop and acquire crude oil,
refined product and other hydrocarbon-based product pipelines and other
midstream assets. Headquartered in Findlay, Ohio, MPLX's assets consist of a 51
percent interest in a network of common carrier crude oil and products pipeline
assets located in the Midwest and Gulf Coast regions of the United States and a
100 percent interest in a butane cavern located in West Virginia.
Investor Relations Contacts:
Pamela Beall (419) 429-5640
Beth Hunter (419) 421-2559
Media Contacts:
Angelia Graves (419) 421-2703
This press release contains "forward-looking" statements within the meaning of
the federal securities laws. These statements contain words such as "possible,"
"if," "will" and "expect" and express future expectations that can be impacted
by numerous risks and uncertainties, including risks relating to the securities
markets generally. There can be no assurance that actual results will not
differ from those expected by management of MPC or MPLX. For more information
concerning factors that could cause actual results to differ materially from
those conveyed in the forward-looking statements, please refer to the "Risk
Factors" section of the registration statement on Form S-1 initially filed by
MPLX on July 2, 2012 with the SEC and the information included in subsequent
amendments and other filings. These forward-looking statements are based on and
include our expectations as of the date hereof. Neither MPC nor MPLX undertake
any obligation to update or revise such forward-looking statements to reflect
events or circumstances that occur, or of which MPC or MPLX becomes aware, after
the date hereof.
# # #
MPLX LP Announces Launch of Initial Public Offering:
http://hugin.info/147922/R/1650527/532267.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Marathon Petroleum Corporation via Thomson Reuters ONE
[HUG#1650527]
Unternehmensinformation / Kurzprofil:
Datum: 18.10.2012 - 22:10 Uhr
Sprache: Deutsch
News-ID 194144
Anzahl Zeichen: 5973
contact information:
Town:
Findlay, Ohio
Kategorie:
Business News
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