Murphy Oil Corp.
Description
Murphy Oil Corp. intends to offer $550 million of senior notes due 2027 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
The company expects to use the net proceeds from the offering, plus cash on hand, to fund the 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 pursuant to the terms and conditions set forth in the offer to purchase for the tender offers and pay any related premiums, penalties, fees and expenses in connection with the foregoing.