Murphy USA Inc. (NYSE: MUSA) announced it has priced a private offering of $500 million in senior notes due 2034 through its subsidiary Murphy Oil USA, Inc. The notes will be issued at par value and carry an interest rate of 5.875% per annum.

The offering is expected to close on May 27, 2026, subject to customary closing conditions. Interest payments will be made semiannually on June 1 and December 1 each year, beginning December 1, 2026. The notes will mature on June 1, 2034.

Murphy USA plans to use the proceeds to redeem $300 million of existing 5.625% senior notes due 2027, repay borrowings under its revolving credit facility, pay related fees and expenses, and for general corporate purposes with any remaining funds.

The notes will be guaranteed by Murphy USA and certain domestic subsidiaries on a senior unsecured basis. The offering was conducted as a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, without registration under the Securities Act of 1933.

Murphy USA operates more than 1,800 gasoline and convenience stores across 27 states, primarily in the Southwest, Southeast, Midwest and Northeast regions. The company serves approximately two million customers daily through its network of retail locations, many situated near Walmart Supercenters.