Debt Reduction

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Marathon Oil Announces $1 Billion Gross Debt Reduction

Marathon Oil Corporation (NYSE: MRO) announced today that it has entered into a transaction to redeem at par the outstanding $1 billion of 5.125 percent municipal revenue bonds due in 2037. This transaction will reduce gross debt by $1 billion and annual cash interest expense by $51 million while p ...

OilVoice Press - OilVoice

Posted 3 years agoPress > Debt ReductionUnited StatesMarathon Oil

Suncor Energy Announces Further Debt Reduction

All financial figures are in Canadian dollars As announced earlier today, Suncor successfully closed the sale of a 49% equity interest in the East Tank Farm Development project for aggregate proceeds of $503 million. Suncor is directing the proceeds from this sale, together with the proceeds fro ...

OilVoice Press - OilVoice

Posted 3 years agoPress > Sunoco EnergyDebt ReductionCanada +1