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Joint Bookrunner

Murphy USA

$500 Million 09/13/2019 Consumer Products & Retail Complete
Lead Banker: A. Davidson Hall
Public Companies
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Transaction Details

  • On September 13, 2019, Murphy USA Inc. (NYSE:MUSA, “Murphy USA,” or the “Company”), closed a $500 million offering of Senior Unsecured Notes due 2029
  • The Senior Unsecured Notes were priced at par to yield 4.750%
  • Issue ratings were Ba2 / BB+
  • Proceeds from the offering were used to:
    • Tender for its existing 6.000% Senior Unsecured Notes due 2023
    • Pay related fees and expenses associated with the transaction
  • Stephens Inc. served as Joint Bookrunner in the offering

About the company

Murphy USA is a leading retailer of gasoline and convenience merchandise with more than 1,473 stations located primarily in the Southwest, Southeast and Midwest United States. The Company and its team of nearly 10,000 employees serve an estimated 1.7 million customers each day through its network of retail gasoline stations in 26 states. The majority of Murphy USA's sites are located in close proximity to Walmart stores. The Company also markets gasoline and other products at standalone stores under the Murphy Express brand. Murphy USA ranks 257 among Fortune 500 companies.

Sources: Company press release and Company filings.
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  2. The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Fixed Income Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: www.sec.gov/Archives/edgar/data/1573516/000119312519237055/0001193125-19-237055-index.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.

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