Cravath represented Mizuho Bank, Ltd. in connection with the arrangement of a $4.1 billion term loan facility made available to MPLX LP.
MPLX LP is a leading manager of midstream energy infrastructure assets.
MPLX intends to use the proceeds of the facility to finance the cash consideration payable by MPLX for contributed membership interests in Marathon Petroleum Corporation’s refining logistics assets and fuels distribution services. The transaction closed on January 2, 2018.
The Cravath team included partner Tatiana Lapushchik (Picture) and associates Matthew G. Jones and Matthew L. Ploszek on banking matters, and associate Rebecca L. Fine on tax matters. Joanna Pak also worked on banking matters.
Law Firms: Cravath Swaine & Moore;