Murphy Oil plans to price $550 million of fixed-rate notes due 2027

By Devika Patel

Knoxville, Tenn., Nov. 13 – Murphy Oil Corp. is selling $550 million of fixed-rate notes due 2027, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds will have a make-whole call and then a par call.

J.P. Morgan Securities LLC, BofA Securities, Inc., MUFG, DNB Markets, Regions Securities LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners. BMO Capital Markets Corp., Capital One Securities, Hancock Whitney Investment Services, Inc., HSBC Securities (USA) Inc., SMBC Nikko Securities America Inc. and SG Americas Securities LLC are the co-managers.

Proceeds will be used for cash tender offers to purchase up to $550 million of the company’s 4% senior notes due 2022 and 3.7% senior notes due 2022.

The oil and gas exploration and production company is based in El Dorado, Ark.

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