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home / news releases / ANDX - 9% Yield 26 Straight Hikes 1.3X Coverage Major Deal Closed This Week: MPLX


ANDX - 9% Yield 26 Straight Hikes 1.3X Coverage Major Deal Closed This Week: MPLX

MPLX LP (MPLX) has been on a roll over the past several quarters, racking up big growth numbers as it integrated new assets. They just reported Q2 '19 earnings this week, and the growth numbers slowed down quite a bit, vs. the previous three quarters.

The ANDX Deal Just Closed:

MPLX announced this week, on 7/30/19, that they had closed on the acquisition of Andeavor Logistics LP (ANDX) "in a unit-for-unit transaction" (with a blended exchange ratio of 1.07 times) and assumption of approximately $5 billion of debt.

ANDX common unitholders

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Stock Information

Company Name: Andeavor Logistics LP representing Limited Partner Interests
Stock Symbol: ANDX
Market: NYSE
Website: andeavorlogistics.com

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