MPLX LP’s $1.5 Billion Registered Senior Notes Offering

Cravath represented the underwriters in connection with the $1.5 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 February 12, 2026.

The Cravath team included partners Ryan J. Patrone and D. Scott Bennett and associates Alan J. Steiner and Sasha G. Savitsky on capital markets matters; partner Arvind Ravichandran, associate Jonathan Minion and foreign associate attorney Tim Wuerstlin on tax matters; and partner Matthew Morreale and associate Star S. Gulant on environmental matters. Yue Yue (Emily) Teng also worked on capital markets matters and Scarlett A. Neely worked on executive compensation and benefits matters.