Mapco Incorporated, founded in 1980 and headquartered in Nashville, Tennessee, operates as a leader in the convenience store industry, focusing on providing quality fuel and retail offerings. The company primarily serves motorists and local residents through its extensive network of gas stations and convenience stores, featuring prominently branded products and essential services.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| WMB 7.70% 2027-03-01 USDMapco Incorporated | United States | 2027-03-01 | 7.700 | 5.07 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Mapco's bond issuance history began in the late 1990s, with significant bonds offered to finance store expansions and renovations. Notably, in 2014, the company issued $150 million in senior unsecured notes to refinance existing debt and enhance liquidity. Currently, Mapco's bonds yield approximately 4.5%, moderately higher than the industry average, indicating a level of risk appreciated by investors. The bonds include call options, allowing Mapco to redeem them early under favorable conditions, reflecting the company's strategic financial management amid a competitive marketplace.