Murphy Oil Corp.
Description
Murphy Oil Corp. has priced an offering of $550 million of 5.875% senior notes due 2027 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
The company expects to close the offering on November 27, 2019, subject to customary closing conditions, and expects to use the net proceeds from the offering, plus cash on hand, to fund the previously announced cash tender offers to purchase up to $550 million aggregate principal amount of its outstanding 4% senior notes due 2022 and 3.7% senior notes due 2022.