Loan & DebtMay 12, 2026, 09:11 AM
Murphy USA to offer $500M senior notes, redeem $300M 2027 notes
AI Summary
Murphy USA Inc. announced a private offering of $500 million aggregate principal amount of senior notes due 2034 by its wholly owned subsidiary, Murphy Oil USA, Inc. The company intends to use the net proceeds primarily to redeem all $300 million of its existing 5.625% senior notes due 2027 and to repay borrowings under its revolving credit facility. The new notes will be guaranteed by Murphy USA and certain domestic subsidiaries, and the offering is subject to market conditions.
Key Highlights
- Murphy USA announced a private offering of $500 million senior notes due 2034.
- The notes will be issued by its wholly owned subsidiary, Murphy Oil USA, Inc.
- Proceeds will be used to redeem $300 million of existing 5.625% senior notes due 2027.
- Funds will also repay outstanding borrowings under its revolving credit facility.
- The new notes will be guaranteed on a senior unsecured basis by Murphy USA.
- The offering is subject to market and other conditions.