debt
confidence high
sentiment neutral
materiality 0.70
Murphy USA subsidiary issues $500M of 5.875% Senior Notes due 2034
Murphy USA Inc.
- Murphy Oil USA issued $500M aggregate principal of 5.875% Senior Notes due June 1, 2034.
- Interest payable semiannually on June 1 and Dec 1, starting Dec 1, 2026.
- Notes callable at make-whole prior to June 1, 2029; equity clawback allows 40% redemption at 105.875%.
- Notes sold in private placement under Rule 144A/Reg S; not registered under Securities Act.
- Indenture has restrictive covenants that suspend if investment-grade ratings from 2 of S&P, Moody's, Fitch.