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Murphy Oil Corporation Announces Pricing of $500 Million of 6.500% Senior Notes Due 2034

MUR
  • Murphy Oil Corporation priced an offering of $500 million in 6.500% Senior Notes due 2034 under an SEC-effective shelf registration statement.
  • The offering is expected to close on January 23, 2026, subject to customary conditions.
  • Net proceeds will be used to redeem Murphy's 5.875% notes due 2027 & 6.375% notes due 2028, repay the revolving credit facility, cover transaction fees, & support general corporate purposes.
  • BofA Securities is acting as the physical book-running manager for the transaction.
  • The securities are being issued via a prospectus supplement & accompanying prospectus under Form S-3 (Registration No. 333-282655).
  • The release includes standard forward-looking statement disclaimers regarding risks such as commodity price volatility, regulatory changes, & debt refinancing challenges.