Marathon Oil Company
| Company Deal | $90,000,000 4 3/8% sinking fund debentures due 1987 |
|---|---|
| Transaction Type | Sinking Fund Debentures |
| Deal Description | Marathon Oil Company added the net proceeds from this transaction to its general funds, to be available for general corporate purposes. Such purposes included the acquisition of assets of Plymouth Oil Company. Expenditures also included domestic production purposes, modernization and expansion of domestic refining facilities, and expansion of domestic marketing facilities, production, and transportation facilities in Libya and refining facilities in Western Europe. |