Loan & DebtMay 12, 2026, 04:38 PM
Murphy USA Prices $500M Senior Notes Due 2034 at 5.875%
AI Summary
Murphy USA Inc. announced the pricing of a private offering of $500 million aggregate principal amount of 5.875% senior notes due 2034 by its wholly owned subsidiary, Murphy Oil USA, Inc. The notes will be guaranteed by Murphy USA and certain domestic subsidiaries, issued at 100.000%, and are expected to close on May 27, 2026. Proceeds will be used to redeem $300 million of existing 5.625% senior notes due 2027, repay revolving credit facility borrowings, and for general corporate purposes. The offering is private, targeting qualified institutional buyers and non-U.S. persons.
Key Highlights
- Priced private offering of $500 million aggregate principal amount of senior notes.
- Notes bear an interest rate of 5.875% per annum.
- Notes mature on June 1, 2034.
- Issued at an issue price of 100.000%.
- Expected closing date for the offering is May 27, 2026.
- Proceeds to redeem $300 million of 5.625% senior notes due 2027.
- Proceeds also for repaying revolving credit facility and general corporate purposes.
Price Impact
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