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Back to transactions
Joint Bookrunner

Murphy USA

$300 Million 04/20/2017 Consumer Products & Retail Complete
Lead Banker: A. Davidson Hall
Public Companies
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Transaction Details

  • On April 20, 2017, Murphy USA (NYSE: MUSA) announced the pricing of $300 million aggregate principal amount of new 5.625% senior unsecured notes due May 1, 2027 (the
  • “Notes”) by its wholly owned subsidiary, Murphy Oil USA, Inc.
  • The notes will be issued at par, implying a spread of T + 338
  • Non-callable for five years (May 1, 2022)
  • Net proceeds from the transaction will be used for general corporate purposes and to partially repay MUSA’s existing credit facility
  • Stephens Inc. served as Joint Bookrunner on this transaction
  • This marks Stephens’ second bookrun transaction for Murphy USA. In August 2013, Stephens served as Joint Bookrunner on the Company’s inaugural $500 million senior unsecured notes offering

About the company

Murphy USA (NYSE:MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,400 stations located primarily in the Southwest, Southeast and Midwest United States. The company and its team of over 9,000 employees serve an estimated 1.6 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 258 among Fortune 500 companies.

Sources: Public filings.
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