April 11, 2021
Business News

Murphy Oil Corporation Announces Offering of $550 Million of Senior Notes Due 2028

HOUSTON–()–Murphy Oil Corporation (the “Company”) (NYSE:MUR) announced today that, subject to market conditions, it intends to offer $550 million of Senior Notes due 2028 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”).

The Company expects to use the net proceeds from the offering, together with cash on hand, borrowings under its revolving credit facility or a combination thereof, to fund the full redemption of its outstanding 4.000% Senior Notes due 2022 and 3.700% Senior Notes due 2022 (together, the “Existing Notes”) and to pay any related premiums, fees and expenses in connection with the foregoing.

BofA Securities, J.P….

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