Buckeye Partners, L.P. announced that it has commenced a cash tender offer for any and all of its outstanding $650,000,000 aggregate principal amount of 4.875% Notes due 2021 (the “Notes”). In conjunction with the Tender Offer, Buckeye is also soliciting consents (the “Consent Solicitation”) from the holders of the Notes for the adoption of proposed amendments (the “Proposed Amendments”) to the indenture governing the Notes (the “Indenture”) to (i) eliminate substantially all of the restrictive covenants and certain events of default and related provisions contained in the indenture governing the Notes as they relate to the Notes and (ii) reduce the minimum required notice period for the redemption of the Notes from 30 days to three business days prior to the date fixed for redemption. The Tender Offer and Consent Solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement, dated February 10, 2020. The deadline for holders to validly tender Notes and deliver consents and be eligible to receive payment of the Total Consideration, which includes the Early Tender Payment, will be 5:00 p.m., New York City time, on February 24, 2020, unless extended or earlier terminated by Buckeye (such date and time, as the same may be modified, the “Early Expiration Time”). The Tender Offer will expire at 11:59 PM, New York City time, on March 9, 2020, unless extended or earlier terminated by Buckeye (such date and time, as the same may be modified, the “Expiration Time”). Notes tendered may be withdrawn and consents for the Proposed Amendments delivered may be revoked at any time prior to 5:00 p.m., New York City time, on February 24, 2020, unless extended or earlier terminated (such date and time, as the same may be extended, the “Withdrawal Deadline”), but not thereafter, except as may be required by applicable law.