FINDLAY, Ohio, Sept. 1, 2020 /PRNewswire/ -- Marathon
Petroleum Corp. (NYSE: MPC) today announced that it has issued
notices of redemption to redeem all of the $475 million outstanding aggregate principal
amount of its 5.375% senior notes due Oct.
1, 2022, including the portion of such notes for which
Andeavor LLC, a wholly-owned subsidiary of MPC, is the obligor. The
2022 senior notes are expected to be redeemed on Oct. 1, 2020, at a price equal to par. The
regular semi-annual interest payment due on the 2022 senior notes
on Oct. 1, 2020, will be paid in the
usual manner to holders of record at the close of business on
Sept. 15,
2020.
This news release is for informational purposes only and is
neither an offer to buy nor a solicitation to sell any of the 2022
senior notes. The foregoing does not constitute a notice of
redemption under the indentures governing the 2022 senior notes and
is qualified in its entirety by the redemption notices issued by
MPC and Andeavor LLC.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated,
downstream energy company headquartered in Findlay, Ohio. The company operates the
nation's largest refining system. MPC's marketing system includes
branded locations across the United
States, including Marathon brand retail outlets. Speedway
LLC, an MPC subsidiary, owns and operates retail convenience stores
across the United States. MPC also
owns the general partner and majority limited partner interest in
MPLX LP, a midstream company that owns and operates gathering,
processing, and fractionation assets, as well as crude oil and
light product transportation and logistics infrastructure. More
information is available at www.marathonpetroleum.com.
Investor Relations Contact: (419)
421-2071
Kristina Kazarian,
Vice President, Investor Relations
Taryn Erie, Manager, Investor
Relations
Brian Worthington, Manager, Investor
Relations
Media Contacts:
Hamish
Banks, Vice President, Corporate Communications (419)
421-2521
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312
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SOURCE Marathon Petroleum Corporation