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Use of Proceeds We expect to receive net proceeds of approximately $352.6 million from the sale of 17,300,000 common units offered by this prospectus, based on an initial public offering price of $22.00 per common unit, after deducting underwriting discounts, structuring fees and estimated offering expenses. We intend to use these proceeds as follows: . approximately $191.6 million will be contributed to Pipe Line Holdings, which Pipe Line Holdings will retain on behalf of us and MPC to fund our respective pro rata portions of certain estimated expansion capital expenditures; . $148.3 million will be distributed to MPC, in partial consideration of its contribution of assets to us and to reimburse MPC for certain capital expenditures it incurred with respect to these assets; . $10.0 million will be retained for general partnership purposes, including to fund our working capital needs; and . $2.7 million will be used to pay revolving credit facility origination fees. In connection with this offering, we have entered into a $500.0 million revolving credit facility. The net proceeds from any exercise by the underwriters of their option to purchase additional common units will be used to redeem from MPC a number of common units equal to the number of common units issued upon exercise of the option at a price per common unit equal to the net proceeds per common unit in this offering before expenses but after deducting underwriting discounts and the structuring fee. Accordingly, any exercise of the underwriters’ option will not affect the total number of units outstanding or the amount of cash needed to pay the minimum quarterly distribution on all units.