Each one in plain English, with the numbers worked through for a shareholder.
13 Feb 2020substantial holder notice● Neutral
Macquarie Group Limited, Macquarie Bank Limited, Macquarie Investment Management Holdings Inc, Macquarie Investment Management Business Trust reported a MARATHON OIL CORP shareholding of 66,374,416 shares (8.30% of votes) in a periodic institutional filing.
On October 1, 2019 Marathon sold $600 million of the $1 billion Louisiana (St. John the Baptist) refunding bonds it had bought back in December 2017 to outside investors, in three $200 million pieces at 2.00%, 2.10% and 2.20%, with mandatory purchase dates between April 2023 and July 2026 and all maturing June 1, 2037. Marathon keeps the other $400 million. This continues the 2017 bond refunding thread; the filing does not state how the money is used.
On September 24, 2019 Marathon signed a fourth amendment to its bank credit agreement, cutting the facility size from $3,393,000,000 to $3,000,000,000 and extending its term from May 28, 2022 to May 28, 2023. This continues the earlier extensions; the filing gives no reason for the reduction.
3 July 2019asset acquisition disposition● NeutralMajor
Marathon completed the sale on July 1, 2019 of its U.K. subsidiaries to RockRose Energy PLC for about $95 million, which reflects the buyer taking on about $345 million of working capital and cash equivalents (as of December 31, 2018). Effective date January 1, 2019. Another non-U.S. exit following the Canada and Libya sales.
Macquarie Group Limited, Macquarie Bank Limited, Macquarie Investment Management Holdings Inc, Macquarie Investment Management Business Trust, Macquarie Investment Management Limited reported a MARATHON OIL CORP shareholding of 41,749,872 shares (5.02% of votes) in a periodic institutional filing.
On October 18, 2018 Marathon signed a third amendment to its bank credit agreement, extending its term from May 28, 2021 to May 28, 2022. This continues the series of extensions begun in 2017.
7 Mar 2018asset acquisition disposition● NeutralMajor
Marathon completed the sale on March 1, 2018 of its subsidiary holding its 16.33% non-operated interest in the Waha concessions in Libya to a subsidiary of Total S.A. for $450 million cash, effective January 1, 2018. This is another exit from a non-U.S. asset after the Canadian oil sands sale.
Macquarie Group Limited, Macquarie Bank Limited, Macquarie Investment Management Holdings Inc, Macquarie Investment Management Business Trust disclosed a new substantial MARATHON OIL CORP shareholding (5.23% of votes).
Hotchkis and Wiley Capital Management, LLC reported a MARATHON OIL CORP shareholding of 41,042,843 shares (4.83% of votes) in a periodic institutional filing.