Magellan Midstream Prices $250 Million, 30-Year Debt Offering

        Magellan Midstream Prices $250 Million, 30-Year Debt Offering

PR Newswire

TULSA, Okla., Nov. 2, 2012

TULSA, Okla., Nov. 2, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P.
(NYSE: MMP) announced today that it has priced a $250 million public offering
of 4.20% senior notes due Dec. 1, 2042 at a price of approximately 99.338% of
par to yield 4.239% to maturity. The partnership intends to use the net
proceeds from this offering of approximately $245.7 million, after
underwriting discounts and estimated offering expenses, for general
partnership purposes, including capital expenditures and investments in
interest bearing securities or accounts.

The offering is expected to close on Nov. 9, 2012 and is subject to customary
closing conditions. Barclays Capital Inc., Deutsche Bank Securities Inc.,
SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are joint
book-running managers for the debt offering, with Citigroup Global Markets
Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., PNC
Capital Markets LLC, UBS Securities LLC and U.S. Bancorp Investments, Inc.
acting as co-managers.

The offering may be made only by means of a prospectus supplement and
accompanying base prospectus. Copies of these documents may be obtained from:

  oBarclays Capital Inc., c/o Broadridge Financial Solutions, Inc., 1155 Long
    Island Avenue, Edgewood, NY 11717, e-mail:, phone: 888-603-5847;
  oDeutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
    Street, New York, NY 10005, e-mail:, phone:
  oSunTrust Robinson Humphrey, Inc., 3333 Peachtree Rd., 11^th floor,
    Atlanta, GA 30326, phone: 800-685-4786; or
  oWells Fargo Securities, LLC, Attention: Capital Markets Client Support,
    1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, e-mail:, phone: 800-326-5897.

Electronic copies of the prospectus supplement and accompanying base
prospectus are also available from the Securities and Exchange Commission's
website at

A registration statement relating to these securities became effective upon
filing with the Securities and Exchange Commission. This news release does not
constitute an offer to sell or a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.

About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership
that primarily transports, stores and distributes petroleum products. The
partnership owns the longest refined petroleum products pipeline system in the
country, with access to more than 40% of the nation's refining capacity, and
can store 80 million barrels of petroleum products such as gasoline, diesel
fuel and crude oil.

Portions of this document may constitute forward-looking statements as defined
by federal law. Although management 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: Paula Farrell
         (918) 574-7650

SOURCE Magellan Midstream Partners, L.P.

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