Marathon Petroleum Corporation issued the following announcement on Sept. 25.
Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP (NYSE: MPLX) today announced the redemption of (i) all of the $650 million outstanding aggregate principal amount of MPC's 3.400% senior notes due Dec. 15, 2020, and (ii) all of the $300 million outstanding aggregate principal amount of MPLX's 6.250% senior notes due Oct. 15, 2022, including the approximately $34 million in aggregate principal amount of senior notes issued by Andeavor Logistics LP and Tesoro Logistics Finance Corp.
The MPC 2020 senior notes will be redeemed on Nov. 15, 2020, at a price equal to par, plus accrued and unpaid interest to, but not including, such date. The MPLX 2022 senior notes will be redeemed on Oct. 15, 2020, at par. The regular semiannual interest payment due on the MPLX 2022 senior notes on Oct. 15, 2020, will be paid in the usual manner to holders of record at the close of business on Oct. 1, 2020. MPLX had previously announced that it intended to redeem the MPLX 2022 senior notes with the proceeds of a recently completed senior notes offering.
This news release is for informational purposes only and is neither an offer to buy nor a solicitation to sell any of the MPC 2020 senior notes or the MPLX 2022 senior notes. The foregoing does not constitute a notice of redemption under the indentures governing either the MPC 2020 senior notes or the MPLX 2022 senior notes, respectively, and is qualified in its entirety by the redemption notices distributed to the holders of the MPC 2020 senior notes and MPLX 2022 senior notes under such indentures.
Original source can be found here.
Source: Marathon Petroleum Corporation
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