Murphy Oil to offer $550M of senior notes due 2025

Subject to market conditions, Murphy Oil Corp. (NYSE:MUR) intends to offer $550 million of senior notes that will mature in 2025 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

The company expects to use the net proceeds from the offering of the 2025 notes in order to redeem the company’s 2.5% Notes due December 2017 in accordance with the indenture governing such notes. This news release does not constitute a notice of redemption under such indenture.

JP Morgan Securities LLC is acting as joint book-running manager for the offering.

Murphy Oil Corporation is a global independent oil and natural gas exploration and production company. The company’s resource base includes offshore production in Southeast Asia, Canada and Gulf of Mexico, as well as North America onshore plays in the Eagle Ford Shale, Kaybob Duvernay and Montney.

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