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MPLX registers up to $1.74B of common units

MPLX LP registered up to $1.74 billion of common units to be sold from time to time through various offerings.

The securities registered include $1.50 billion of newly registered common units and approximately $241.0 million of unsold common units previously registered on March 27, 2015, according to an Aug. 8 SEC filing.

The common units may be sold at prices and on terms depending on market conditions and other factors. Net proceeds from any sale would be used for general partnership purposes, such as debt repayment and CapEx.