trending Market Intelligence /marketintelligence/en/news-insights/trending/4QewU7WBn6lsgu7p7rXmgg2 content esgSubNav
In This List

Magellan Midstream closes $500M senior note offering

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Magellan Midstream closes $500M senior note offering

Magellan Midstream Partners LP on Aug. 19 closed its underwritten public offering of $500 million of its 3.950% senior notes.

Interest on the notes, which will mature March 1, 2050, is payable every March 1 and Sept. 1, starting March 1, 2020.

The partnership may redeem part or all of the notes at a redemption price that includes a "make-whole" premium any time before Sept. 1, 2049, or at a redemption price equal to 100% of the principal amount of the notes on or after Sept. 1, 2049.

U.S. Bank NA acted as the trustee for the offering.

Magellan Midstream provides transportation and distribution services for refined petroleum products and crude oil.