Murphy Oil Corporation will redeem $200 million in aggregate principal amount of its 5.750% Senior Notes due 2025 (the “Notes”) on November 30, 2022, the redemption date for the Notes.
The redemption price for the Notes called for redemption will be equal to 101.438% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.
Additional information concerning the terms of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution. This news release does not constitute a notice of redemption of the Notes.