Marathon Petroleum Corporation’s $5 Billion Revolving Credit Facility and MPLX LP’s $2.5 Billion Revolving Credit Facility

Cravath represented the administrative agents, joint lead arrangers and joint bookrunners in connection with a $5 billion revolving credit facility made available to Marathon Petroleum Corporation, a leading, integrated, downstream and midstream energy company, and a $2.5 billion revolving credit facility made available to MPLX LP, a master limited partnership formed by Marathon Petroleum Corporation. MPLX LP owns and operates midstream energy infrastructure and logistics assets and provides fuels distribution services. The transactions closed on April 7, 2026.

The Cravath team included partner Tatiana Lapushchik and associates Danielle A. Solaru and Thomas P. Wiig on banking matters; partner Arvind Ravichandran and associate Megan Samayoa on tax matters; partner Matthew Morreale on environmental matters; and associate Matthew S. Johnson on executive compensation and benefits matters. Jonathan Jiang also worked on tax matters.