Reuters logo
a month ago
BRIEF-Marathon Oil prices offering of $1 billion senior notes
July 13, 2017 / 9:14 PM / a month ago

BRIEF-Marathon Oil prices offering of $1 billion senior notes

July 13 (Reuters) - Marathon Oil Corp

* Marathon Oil Corporation announces pricing of offering of $1 billion of senior notes due 2027

* Marathon Oil Corp says priced an offering of $1 billion of 4.400 percent senior notes that will mature on July 15, 2027

* Marathon Oil Corp - ‍price to public for 2027 notes is 99.634 percent of principal amount​

* Marathon Oil - ‍offering and redemption of senior notes will result in a reduction in total gross debt of approximately $750 million

* Marathon Oil Corp - ‍company's next maturity will occur in 2020​

* Marathon Oil Corp - ‍terminated a notional amount of $750 million in interest rate hedges related to offering for an estimated gain of $54 million​

* Marathon Oil Corp - ‍expects to receive remaining proceeds of approximately $750 million from sale of its Canadian subsidiary in Q1 2018​

* Marathon Oil - co recently extended maturity of undrawn revolving credit facility by one year to 2021, and upsized credit facility from $3.3 billion to $3.4 billion Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below