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FINDLAY, Ohio, Dec. 29, 2020 /PRNewswire/ MPLX LP (NYSE: MPLX) today announced the redemption of all of the $750 million outstanding aggregate principal amount of MPLX s 5.250% senior notes due Jan. 15, 2025, including the approximately $42 million in aggregate principal amount of senior notes issued by Andeavor Logistics LP and Tesoro Logistics Finance Corp.
The 2025 senior notes will be redeemed on Jan. 15, 2021, at a price equal to 102.625% of the principal amount thereof. The regular semiannual interest payment due on the 2025 senior notes on Jan. 15, 2021, will be paid in the usual manner to holders of record at the close of business on Jan. 1, 2021.
WASHINGTON (DECEMBER 17, 2020) – Since at least June 18, 2013, Andeavor Logistics LP, through various subsidiary companies – all of which were recently purchased by Marathon Petroleum Corporation (Marathon) – has been in willful trespass on the lands belonging to individual Indians on the Fort Berthold Reservation in North Dakota as demonstrated in proceedings before the Bureau of Indian Affairs (BIA). As shown in those proceedings, Marathon companies have used the land without any lease, permission, or current right-of-way and without any compensation to the Indian landowners.
On July 2, 2020, the Great Plains Regional Director for the BIA, Tim LaPointe, issued a decision holding Marathon liable for $187,158,636 for this trespass on 80% of the tracts. The decision also required that Marathon “immediately cease and desist use of the pipeline.” Marathon appealed that decision to the Interior Board of Indian Appeals (IBIA).