Murphy Oil USA extends credit agreement five years, alters covenants

By Toni Weeks

San Luis Obispo, Calif., Sept. 5 – Murphy USA Inc. subsidiary Murphy Oil USA, Inc. entered into a third amendment to its credit agreement on Sept. 2 with JPMorgan Chase Bank, NA as administrative agent to extend the maturity date by five years, according to an 8-K filing with the Securities and Exchange Commission.

In addition, the amendment modified the terms of various covenants under the credit agreement.

Murphy USA, based in El Dorado, Ark., operates a chain of national gas stations and convenience stores.

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