Murphy Oil Corp. (NYSE: MUR) said on Aug. 3, subject to market conditions, it 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 (SEC).
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 Dec. 2017 in accordance with the indenture governing such notes.
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