---
schema_version: "secwatch.filing_event.v1"
accession: "0000717423-22-000074"
form_type: "8-K"
ticker: "MUR"
cik: "0000717423"
company_name: "MURPHY OIL CORP"
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T16:12:42.647383+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Murphy Oil enters $800M revolving credit facility maturing Nov 2027

## Summary
- $800M senior unsecured revolving credit facility maturing November 2027.
- Interest based on SOFR plus spread determined by Moody's/S&P ratings.
- Pre-investment grade: max leverage 3.50x, min interest coverage 2.50x.
- Post-investment grade: max debt-to-capitalization 60%.
- Prior 2018 credit agreement terminated effective November 17, 2022.

## SEC filing metadata
- accession: 0000717423-22-000074
- form_type: 8-K
- ticker: MUR
- cik: 0000717423
- company_name: MURPHY OIL CORP
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/717423/000071742322000074/0000717423-22-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/717423/000071742322000074/mur-20221117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000717423-22-000074
- JSON: https://secwatch.observer/filing/0000717423-22-000074.json
- Plain text: https://secwatch.observer/filing/0000717423-22-000074.txt

## Key facts
- Debt Financings
  MURPHY OIL CORP incurred revolving credit of $800 million with lenders under the New Revolving Credit Facility at interest at rates based on either the “Alternate Base Rate”, the “Adjusted Term maturing November 2027.
  - Instrument: revolving credit
  - Principal: $800 million
  - Counterparty: lenders under the New Revolving Credit Facility
  - Rate: interest at rates based on either the “Alternate Base Rate”, the “Adjusted Term
  - Maturity: November 2027
  - Event: incurrence
  source text: On November 17, 2022, Murphy Oil Corporation (the “Company”) entered into an $800 million revolving credit facility (the “New Revolving Credit Facility”). The New Revolving Credit Facility is a senior unsecured guaranteed facility with a maturity date in November 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717423/000071742322000074/0000717423-22-000074-index.htm
- Material Agreements
  MURPHY OIL CORP entered into New Revolving Credit Facility with Various Lenders valued at $800,000,000 (effective 2022-11-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Various Lenders
  - Value: $800,000,000
  - Effective: 2022-11-17
  source text: On November 17, 2022, Murphy Oil Corporation (the “Company”) entered into an $800 million revolving credit facility (the “New Revolving Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/717423/000071742322000074/0000717423-22-000074-index.htm
- Material Agreements
  MURPHY OIL CORP terminated Credit Agreement dated as of November 28, 2018 with JPMorgan Chase Bank, N.A. valued at Not specified (effective 2022-11-17).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: Not specified
  - Effective: 2022-11-17
  source text: Effective November 17, 2022, the Company terminated the Credit Agreement dated as of November 28, 2018, among the Company, the other parties thereto and JPMorgan Chase, N.A.
  evidence_url: https://www.sec.gov/Archives/edgar/data/717423/000071742322000074/0000717423-22-000074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.