Marathon Oil Announces $500 Million Gross Debt Reduction

Marathon Oil Announces $500 Million Gross Debt ReductionHOUSTON, TX (STL.News) Marathon Oil Corporation (NYSE: MRO) announced today that it sent an irrevocable notice of its intention to fully redeem its currently outstanding $500 million aggregate principal amount of 2.8% Senior Notes Due 2022 (the “Notes”) on April 29, 2021 (the “Redemption Date”).  This transaction will reduce gross debt by $500 million and … Continue reading Marathon Oil Announces $500 Million Gross Debt Reduction

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