secwatch.observer — SEC 8-K summary
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Issuer:     Murphy USA Inc. (MUSA)
CIK:        0001573516
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001573516-25-000029
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Murphy USA refinances credit facility with $600M term loan and $750M revolver
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- $600M secured term loan borrowed in full on April 7, 2025; matures April 7, 2032, with 0.25% quarterly amortization.
- $750M revolving credit facility; matures April 7, 2030.
- Term loan margin: 1.75% over SOFR or 0.75% over base rate.
- Revolving facility margin ranges from 1.25%-2.00% (SOFR) or 0.25%-1.00% (base) based on leverage.
- Proceeds used to repay existing term loans and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1573516/000157351625000029/0001573516-25-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1573516/000157351625000029/musa-20250407.htm
  HTML page:      https://secwatch.observer/filing/0001573516-25-000029

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