Practice Areas - Equity Capital Markets Law Firms and Lawyers
Deal Date: | 18-05-2015 | Practice Area: | Equity Capital Markets |
Deal Title: | Marathon Petroleum Corporation Offering of Common Units | Industry: | Oil Equipment, Services & Distribution |
Description: |
Cravath represented the agents, led by JP Morgan Securities, BofA Merrill Lynch, Citigroup, Morgan Stanley and Wells Fargo Securities, in connection with the establishment of an at-the-market program with respect to common units representing limited partner interests of MPLX LP, a master limited partnership formed by Marathon Petroleum Corporation, having an aggregate offering price of up to USD500 million. 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 units will be listed on the New York Stock Exchange. The program was established on May 18, 2015.
The Cravath team included partners D. Scott Bennett and Andrew J. Pitts and associates John R. Love and Bethany A. Pfalzgraf.
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Financial Center: | New York | Value: | 100.01-500.00 |
Advised Party: | Lead Manager | Law Firm | Cravath |
Issuer Jurisdiction - | United States | Listing Jurisdiction - | United States |
Classification: |
Secondary Offerings and Placings NYSE: |
Lawyer | D Scott Bennett |