Marathon Petroleum (MPC) priced $2 billion underwritten debt offering, consisting of $1.1 billion of 5.15% senior notes due 2030 and $900 million of 5.70% senior notes due 2035, the company said Thursday.
The energy firm intends to use the net proceeds to repay, redeem, or retire its outstanding $1.25 billion of 4.7% senior notes due May 2025 and for general corporate purposes.
The offering will likely close on Feb. 10.
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