FINDLAY, Ohio, Feb. 5, 2018 /PRNewswire/ -- Marathon Petroleum
Corp. (NYSE: MPC) today announced that it intends to issue a notice
of redemption to redeem all of the $600
million outstanding aggregate principal amount of its 2.700%
senior notes due on Dec. 14,
2018. The 2018 senior notes will be redeemed on March 15, 2018, at a price equal to par plus a
make-whole premium calculated in accordance with the terms of the
2018 senior notes and accrued and unpaid interest to, but not
including, the redemption date.
This news release is for information purposes only and is
neither an offer to buy nor a solicitation to sell any of the 2018
senior notes.
About Marathon Petroleum Corporation
MPC is the nation's second-largest refiner, with a crude oil
refining capacity of approximately 1.9 million barrels per calendar
day in its six-refinery system. Marathon brand gasoline is sold
through approximately 5,600 independently owned retail outlets
across 20 states and the District of
Columbia. In addition, Speedway LLC, an MPC subsidiary, owns
and operates the nation's second-largest convenience store chain,
with approximately 2,740 convenience stores in 21 states. Through
subsidiaries, MPC owns the general partner of MPLX LP, a midstream
master limited partnership. Primarily through MPLX, MPC owns,
leases or has ownership interests in approximately 10,800 miles of
crude oil and light product pipelines. Also through MPLX, MPC has
ownership interests in gathering and processing facilities with
approximately 5.9 billion cubic feet per day of gathering capacity,
8.2 billion cubic feet per day of natural gas processing capacity
and 610,000 barrels per day of fractionation capacity. MPC's fully
integrated system provides operational flexibility to move crude
oil, NGLs, feedstocks and petroleum-related products efficiently
through the company's distribution network and midstream service
businesses in the Midwest, Northeast, East Coast, Southeast and
Gulf Coast regions.
View original
content:http://www.prnewswire.com/news-releases/marathon-petroleum-corp-announces-make-whole-redemption-of-its-outstanding-2700-senior-notes-due-2018-300593327.html
SOURCE Marathon Petroleum Corporation