secwatch.observer — SEC 8-K summary
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Issuer:     MPLX LP (MPLX)
CIK:        0001552000
Form:       8-K
Filed at:   2026-04-13T23:59:59+00:00
Accession:  0001552000-26-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MPLX enters $2.5B revolving credit facility, reports $1.5B cash as of March 31, 2026
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- New $2.5B unsecured revolving credit facility matures April 7, 2031; replaces $2.0B 2022 facility with no borrowings outstanding.
- Preliminary cash and cash equivalents of $1.5B as of March 31, 2026, disclosed as unaudited estimate.
- Interest rates: Adjusted Term SOFR + 100-175 bps or Alternate Base Rate + 0-75 bps, tied to credit ratings.
- Leverage covenant: Consolidated Total Debt/EBITDA ≤ 5.0x (5.5x during acquisition periods).
- Option to increase commitments by up to $1.0B and request two one-year maturity extensions with lender consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552000/000155200026000017/0001552000-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552000/000155200026000017/mplx-20260407.htm
  HTML page:      https://secwatch.observer/filing/0001552000-26-000017

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