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Marathon Petroleum Corp. prices $2.0 billion senior notes offering
MPCMarathon(MPC) Prnewswire·2025-02-06 22:45

Group 1 - Marathon Petroleum Corporation (MPC) has priced 2.0billioninunsecuredseniornotes,consistingof2.0 billion in unsecured senior notes, consisting of 1.1 billion of 5.15% senior notes due 2030 and 900millionof5.70900 million of 5.70% senior notes due 2035 [1] - The net proceeds from this offering will be used to repay 1.25 billion of 4.700% senior notes due May 2025 and for general corporate purposes [2] - The closing of the offering is expected on February 10, 2025, pending customary closing conditions [2] Group 2 - MPC is a leading integrated downstream energy company headquartered in Findlay, Ohio, operating the largest refining system in the United States [4] - The company's marketing system includes branded locations across the U.S., including Marathon brand retail outlets [4] - MPC owns the general partner and majority limited partner interest in MPLX LP, which operates midstream assets and logistics infrastructure [4]