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MI - Marathon runs through market with a $2.5B dual-tranche sale - May 2020
Marathon Petroleum Corp. sold $2.5 billion of notes across two tranches, following in the recent footsteps of peers Valero Energy and Phillips 66 by taking advantage of cheap interest rates and an investment-grade credit rating to raise fresh capital. It closed the sale of $1.25 billion principal amount each of 4.5% senior unsecured notes due 2023 and 4.7% senior unsecured notes due 2025 on April 23, matching in principal amount the recent combined sales......
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