Marathon Petroleum redeems all 3.4% senior notes, 6.25% senior notes

By Taylor Fox

New York, Sept. 25 – Marathon Petroleum Corp. and MPLX LP have redeemed all of the $650 million outstanding 3.4% senior notes due Dec. 15, 2020 and all of the $300 million outstanding 6.25% senior notes due Oct. 15, 2022, according to a news release.

The redemption includes $34 million of senior notes issued by Andeavor Logistics LP and Tesoro Logistics Finance Corp.

The 2020 notes will be redeemed Nov. 15 at par, plus interest.

The 2022 notes will be redeemed Oct. 15 at par, and the regular semiannual interest payment due will be paid in the usual manner on Oct. 1.

The 2022 notes will be redeemed using proceeds of a recently completed senior note offering.

The energy company is based in Houston.

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