FINDLAY, Ohio, Feb. 6, 2025/ PRNewswire/– Marathon Petroleum Corporation MPC revealed today that it has actually priced $ 2.0 billion in aggregate principal quantity of unsecured senior notes in an underwritten public offering including $ 1.1 billion aggregate principal quantity of 5.15% senior notes due 2030 and $ 900 million aggregate principal quantity of 5.70% senior notes due 2035.
MPC plans to utilize the net earnings from this using to pay back, redeem or otherwise retire its exceptional $ 1.25 billion aggregate principal quantity of 4.700% senior notes due Might 2025 and for basic business functions.
The closing of this offering is anticipated to happen on February 10, 2025, based on complete satisfaction of traditional closing conditions.
Wells Fargo Securities, LLC, Citigroup Global Markets Inc. and MUFG Securities Americas Inc. are functioning as joint book-running supervisors for the offering.
MPC has actually submitted a registration declaration (consisting of a prospectus and associated initial prospectus supplement for the offering) with the Securities and Exchange Commission (the “SEC”) for the offering to which this interaction relates. Before investing, financiers need to check out the initial prospectus supplement, the accompanying prospectus because registration declaration and the other files MPC has actually submitted with the SEC for more total details about MPC and this offering. Financiers might get these files free of charge by going to EDGAR on the SEC’s site at www.sec.gov. Additionally, MPC, any underwriter or any dealership taking part in the offering will organize to send out financiers the initial prospectus supplement and the accompanying prospectus upon demand by calling the following, which are functioning as agents of the underwriters:
Wells Fargo Securities, LLC
608 second Opportunity South, Suite 1000
Minneapolis, MN 55402
Attn: WFS Customer Support
Toll-free: 1-800-645-3751
Email: wfscustomerservice@wellsfargo.com
Citigroup Global Markets Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Opportunity
Edgewood, NY 11717
Toll-free: 1-800-831-9146
Email: prospectus@citi.com
MUFG Securities Americas Inc.
Attn: Capital Markets Group
1221 Opportunity of the Americas, sixth Flooring
New York City, NY 10020
Toll-free: 1-877-649-6848
Email: syndicate@us.sc.mufg.jp
This press release will not make up a deal to offer or a solicitation of a deal to purchase any securities, nor will there be any sale of these securities in any state or jurisdiction in which such a deal, solicitation or sale would be illegal previous to registration or certification under the securities laws of any such state or jurisdiction.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, incorporated, downstream energy business headquartered in Findlay, Ohio The business runs the country’s biggest refining system. MPC’s marketing system consists of top quality places throughout the United States, consisting of Marathon brand name retail outlets. MPC likewise owns the basic partner and bulk minimal partner interest in MPLX LP, a midstream business that owns and runs event, processing, and fractionation possessions, along with petroleum and light item transport and logistics facilities.
Financier Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President Financing and Financier Relations
Brian Worthington, Director, Financier Relations
Alyx Teschel, Supervisor, Financier Relations
Media Contact: (419) 421-3577
Jamal Kheiry, Communications Supervisor
View initial material: https://www.prnewswire.com/news-releases/marathon-petroleum-corp-prices-2-0-billion-senior-notes-offering-302370740.html
SOURCE Marathon Petroleum Corporation
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