Murphy Oil Corporation announced the offering of $500 million Senior Notes due 2034.
The Company plans to utilize the proceeds for debt redemption, repayment of borrowings, and general corporate purposes based on an effective shelf registration statement filed with the SEC.
BofA Securities is the physical book-running manager for the offering under Form S-3 Registration No. 333-282655.
Offer Details
$500 million Senior Notes due 2034 to be offered under an effective shelf registration statement.
Utilization of Proceeds
Proceeds will fund debt redemption, repay outstanding borrowings, cover fees, and for general corporate purposes.
Book-Running Manager
BofA Securities appointed as the book-running manager for the offering under Form S-3.
- Murphy Oil aims to enhance its financial structure and manage debts effectively through the Senior Notes offering.
- The offering demonstrates the Company's strategic approach to capital management and corporate financing.
Murphy Oil Corporation's decision to offer Senior Notes represents a significant step towards optimizing its financial position and addressing existing obligations. The move aligns with the Company's commitment to strategic financial management and value creation for shareholders.