Murphy USA to launch $750 million credit facilities on Friday

By Sara Rosenberg

New York, Jan. 13 – Murphy USA Inc. is set to hold a lender call at 10 a.m. ET on Friday to launch $750 million of credit facilities, according to a market source.

RBC Capital Markets is the lead on the deal.

The facilities consist of a $350 million five-year revolver, which is expected to be undrawn at close, and a $400 million seven-year term loan B, the source said.

Proceeds will be used with cash on hand to fund the acquisition of QuickChek Corp. in an all-cash transaction for $645 million.

Closing is expected this quarter, subject to customary conditions and regulatory approval.

Murphy USA is an El Dorado, Ark.-based retailer of gasoline and convenience merchandise. QuickChek is a Whitehouse Station, N.J., operator of convenience market stores.

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