Hunton Andrews Kurth Represents Underwriters in $300 Million Debt Offering by Magellan Midstream Partners, L.P.

Hunton Andrews Kurth LLP is representing the underwriters in connection with an offering of $300 million aggregate principal amount of 3.950% senior notes due 2050 by Magellan Midstream Partners, L.P. The notes, which are additional notes of the series originally issued on Aug. 19, 2019, were priced at 109.678 of par with a re-offer yield of 3.418%. The offering priced on December 2, 2020 and is expected to close on December 16, 2020.

Corporate partner Jordan Hirsch led the deal team, with assistance from associates Mike Hoffman, Amanda Thienpont, Oliver Fankhauser, Casey Shaw and Kelli Regan. Partners Mike O’Leary and Rob Taylor handled opinion matters, partner Harve Truskett handled real property matters, partner Shemin Proctor handled regulatory matters, partner Lisa Shelton handled environmental matters, and partners Tom Ford and Robert McNamara handled tax matters, with assistance from associate Tim Strother.