Murphy Oil Corporation (NYSE:MUR) announced today that it closed on the
sale of $500 million of 4.00% coupon notes which will mature on June 1,
2022. Interest is payable semi-annually on June 1 and December 1,
commencing December 1, 2012. Proceeds of the issue are expected to be
used to repay outstanding indebtedness under existing credit facilities
and for general corporate purposes.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC were Joint
Book-Running Managers. Merrill Lynch, Pierce, Fenner & Smith
Incorporated and DNB Markets, Inc. were Senior Co-Managers. Citigroup
Global Markets Inc., Deutsche Bank Securities Inc., Mitsubishi UFJ
Securities (USA), Inc., Morgan Keegan & Company, Inc., RBC ?Capital
Markets, LLC, U.S. Bancorp Investments, Inc., Scotia Capital (USA) Inc.,
Capital One Southcoast, Inc., Comerica Securities, Inc. and Fifth Third
Securities, Inc. were Co-Managers.
The notes were offered solely by means of a prospectus supplement and
accompanying prospectus relating to an effective registration statement
under the Securities Act of 1933, as amended.
This news release shall not constitute an offer to sell, or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or jurisdiction.
This press release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995.These
statements, which express management′s current views concerning future
events or results, are subject to inherent risks and uncertainties.Factors
that could cause actual results to differ materially from those
expressed or implied in our forward-looking statements include, but are
not limited to, the volatility and level of crude oil and natural gas
prices, the level and success rate of our exploration programs, our
ability to maintain production rates and replace reserves, customer
demand for our products, political and regulatory instability, and
uncontrollable natural hazards.For further discussion of risk
factors, see Murphy′s 2011 Annual Report on Form 10-K on file with the
U.S. Securities and Exchange Commission.Murphy undertakes no
duty to publicly update or revise any forward-looking statements.
