secwatch.observer — SEC 8-K summary
======================================

Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K
Filed at:   2022-07-12T23:59:59+00:00
Accession:  0001552000-22-000029
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPLX LP enters $2.0B five-year revolving credit facility, replaces $3.5B prior agreement
--------------------------------------------------------------------------------

- $2.0B unsecured revolver matures July 7, 2027; optional $1.0B accordion feature.
- Replaces and terminates the prior $3.5B credit agreement dated July 26, 2019.
- Pricing: SOFR +125bps (currently) or ABR +25bps; commitment fee 15bps on unused commitments.
- Leverage ratio covenant: Consolidated Debt/EBITDA ≤5.0x (5.5x during Acquisition Period).
- Swingline subfacility $150M, letter of credit subfacility $150M (expandable to $200M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200022000029/0001552000-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200022000029/mplx-20220707.htm
  HTML page:      https://secwatch.observer/filing/0001552000-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer