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USX COMPLETES OFFER OF EXCHANGE OF MONTHLY INTEREST GUARANTEED NOTES BY ITS MARATHON OIL COMPANY SUBSIDIARY

 PITTSBURGH, June 2 /PRNewswire/ -- USX Corporation today announced the successful completion of the offer by its Marathon Oil Company subsidiary to exchange new monthly interest guaranteed notes due 2002 (9-3/4 percent to March 1, 1994, and 7 percent thereafter) for outstanding 9-1/2 percent guaranteed notes due 1994.
 The company said that as of the close of business on Tuesday, June 1, 1993 (the expiration date of the offer) the aggregate principal amount of old notes tendered for exchange exceeded the $50 million minimum. All notes validly tendered will be accepted without proration. The final amount of new notes is subject to adjustment pending verification of documentation and other related matters. The company indicated that the exchange offer would not be extended.
 Marathon Oil Company is a unit of the USX-Marathon Oil Group (NYSE: MRO).
 /delval/
 -0- 6/2/93
 /CONTACT: William E. Keslar or Don H. Herring, both of USX Corporation 412-433-6870/
 (MRO)


CO: USX; Marathon Oil Company ST: Pennsylvania, Texas IN: OIL SU:

KC-CD -- PG008 -- 4467 06/02/93 12:28 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
Words:175
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