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Magellan Midstream Partners Prices Debt Offering.

Publication: PR Newswire
Publication Date: 12-APR-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TULSA, Okla., April 12 /PRNewswire-FirstCall/ -- Magellan Midstream Partners, L.P. announced today that it has priced a $250 million public offering of its 30-year senior notes at 6.4%. The net proceeds from this offering of approximately $246.2 million, after payment of underwriting discounts and estimated offering expenses, will be used primarily to prepay its pipeline senior notes, which were set to mature in Oct. 2007.

The partnership recently...

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