Marathon Petroleum Corp. announces redemption of outstanding 5.375% senior notes due 2022

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: [phone]
Kristina Kazarian, Vice President, Investor Relations
Taryn Erie, Manager, Investor Relations
Brian Worthington, Manager, Investor Relations

Media Contacts:
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Jamal Kheiry, Manager, Corporate Communications [phone]

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SOURCE Marathon Petroleum Corporation

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