Murphy USA Plans $500 Million Senior Notes Offering
Murphy USA announced the planned private offering of $500 million aggregate principal amount of senior notes due 2034 by its wholly owned subsidiary, Murphy Oil USA, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Murphy USA and by certain of Murphy USA's domestic subsidiaries. Murphy USA intends to use the net proceeds from the offering to redeem $300,000,000 aggregate principal amount of the Issuer's existing 5.625% senior notes due 2027, repay all or a portion of outstanding borrowings under its revolving credit facility, pay fees and expenses related to the foregoing and to the extent any proceeds remain, for general corporate purposes.
