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Stock impact report

Murphy USA Inc. Announces Pricing of Notes Offering

Murphy USA Inc. (MUSA) 
Last murphy usa inc. earnings: 4/17 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
EL DORADO, Ark., Sept. 04, 2019 (GLOBE NEWSWIRE) -- Murphy USA Inc. (“Murphy USA”) (NYSE: MUSA) announced today that it has priced its previously announced offering of $500 million aggregate principal amount of senior notes due 2029 (the “Notes”) by its wholly owned subsidiary, Murphy Oil USA, Inc. (“Murphy Oil USA”). The Notes will be guaranteed on a senior unsecured basis by Murphy USA and by certain of Murphy USA’s domestic subsidiaries. The Notes will be issued at an issue price of 100%. The offering is expected to close on September 13, 2019, subject to customary closing conditions.  The Notes will bear interest at a rate of 4.750% per annum, payable semiannually in arrears on March 15 and September 15 of each year, commencing March 15, 2020. The Notes will mature on September 15, 2029. Murphy USA intends to use the net proceeds from the offering plus cash on hand to (i) consummate the cash tender offer (the “Tender Offer”) announced today for any and all of Murphy Oil USA’s Show less Read more
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