Marathon Petroleum Corp. prices $2.0 billion senior notes offering
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Marathon Petroleum Corporation (MPC) has announced a $2.0 billion senior notes offering, with plans to use the proceeds to repay existing debt and for general corporate purposes.
February 06, 2025 | 11:00 pm
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Marathon Petroleum Corporation has priced $2.0 billion in senior notes, with proceeds aimed at repaying existing debt and general corporate purposes.
The issuance of $2.0 billion in senior notes allows MPC to manage its debt effectively by repaying $1.25 billion of existing notes due in May 2025. This move is likely to improve the company's financial stability and flexibility, which is positive for investors.
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