Murphy Oil (MUR) Announces $600M Notes Offering

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Murphy Oil Corporation Announces Offering of $600 Million of Senior Notes Due 2032

September 19, 2024 7:19 AM EDT

HOUSTON--(BUSINESS WIRE)-- Murphy Oil Corporation (the Company) (NYSE: MUR) announced today that, subject to market conditions, it intends to offer $600 million of Senior Notes due 2032 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, to (i) fund the cash tender offers (the Tender Offers) announced today to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2029 (together, the Tender... More