debt
confidence high
sentiment neutral
materiality 0.50
Murphy USA subsidiary prices $500M 5.875% senior notes due 2034; proceeds to refinance 2027 notes and revolver
Murphy USA Inc.
- Issuer Murphy Oil USA priced $500M 5.875% senior notes due 2034 at par (100%).
- Notes guaranteed by Murphy USA and certain domestic subsidiaries; unregistered offering under Rule 144A/Reg S.
- Net proceeds used to redeem $300M of 5.625% notes due 2027 and repay revolver borrowings.
- Closing expected May 27, 2026; interest payable semi-annually June 1 and December 1 starting Dec 2026.
- Maturity June 1, 2034; first interest payment Dec 1, 2026.