Magellan Midstream Holdings Files Initial Public Offering Registration Statement

TULSA, Okla. – Magellan Midstream Holdings, L.P. (“Holdings”), the owner of the general partner interest and all of the incentive distribution rights in Magellan Midstream Partners, L.P. (NYSE: MMP), has filed a registration statement with the Securities and Exchange Commission for an initial public offering of 20,850,000 common units, representing an approximate 38% limited partner interest in it.

Once approved, Holdings intends to list its common units on the New York Stock Exchange under the ticker symbol “MGG”.

Citigroup Global Markets Inc. and Lehman Brothers Inc. will act as joint book-running managers and representatives of the underwriters. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from Citigroup Global Markets Inc., Brooklyn Army Terminal, Attn: Prospectus Delivery Department, 140 58th Street, Brooklyn, New York 11220, phone: 718-765-6732; or Lehman Brothers Inc. c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717, fax: 631-254-7268.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.


About Magellan Midstream Holdings, L.P. 

Magellan Midstream Holdings, L.P. is a limited partnership formed to own and control Magellan GP, LLC, the general partner of Magellan Midstream Partners, L.P.  Magellan GP, LLC currently owns a 2% general partner interest and all of the incentive distribution rights in Magellan Midstream Partners, L.P.


About Magellan Midstream Partners, L.P.  

Magellan Midstream Partners, L.P. is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products. More information is available at http://www.magellanlp.com.




Portions of this document may constitute forward-looking statements as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission.  

Contact Information:

Paula Farrell Investor Relations 918-574-7650 paula.farrell@magellanlp.com