Magellan Midstream Prices $250 Million Debt Offering

             Magellan Midstream Prices $250 Million Debt Offering

PR Newswire

TULSA, Okla., Feb. 25, 2014

TULSA, Okla., Feb. 25, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P.
(NYSE: MMP) announced today that it has priced $250 million of its 5.15%
senior notes due 2043. The notes, which are additional notes of the series
originally issued on Oct. 10, 2013, were priced at 103.085% of par to yield
4.95% to maturity. The partnership intends to use the net proceeds from this
offering of approximately $255 million, after underwriting discounts,
estimated offering expenses and accrued interest, to repay borrowings
outstanding under its revolving credit facility and for general partnership
purposes, which may include capital expenditures. Pending application of the
net proceeds, the partnership may make investments in interest bearing
securities or accounts.

The offering is expected to close on March 4, 2014 and is subject to customary
closing conditions. Wells Fargo Securities, LLC, Barclays Capital Inc.,
Mitsubishi UFJ Securities (USA), Inc. and U.S. Bancorp Investments, Inc. are
joint book-running managers for the debt offering, with Citigroup Global
Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC
Capital Markets LLC, RBC Capital Markets, LLC and SunTrust Robinson Humphrey,
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:

  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;
  oBarclays Capital Inc., c/o Broadridge Financial Solutions, Inc., 1155 Long
    Island Avenue, Edgewood, NY 11717, e-mail:, phone: 888-603-5847;
  oMitsubishi UFJ Securities (USA), Inc., Attention: Capital Markets Group,
    1633 Broadway, 29^th Floor, New York, NY 10019, phone: 877-649-6848; or
  oU.S. Bancorp Investments, Inc., 214 North Tryon Street, 26^th Floor,
    Charlotte, NC 28202, phone: 877-558-2607.

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 refined petroleum products
and crude oil. The partnership owns the longest refined petroleum products
pipeline system in the country, with access to nearly 50% of the nation's
refining capacity, and can store more than 90 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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