Murphy to repay credit facility using note offering proceeds

By Taylor Fox

New York, Jan. 21 – Murphy USA Inc. plans to repay outstanding debt under its existing senior credit agreement with proceeds from its $500 million note offering, according to a news release.

Murphy will also use the proceeds to partially finance it acquisition of Quick Chek Corp. If the acquisition is not consummated, the proceeds will be used for general corporate purposes, which may include future acquisitions.

Murphy USA is an El Dorado, Ark.-based retailer of gasoline and convenience merchandise.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.