Joint Bookrunner
Murphy USA
Debt Capital Markets
Senior Unsecured Notes
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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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 Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/e... Additionally, a copy of the Free Writing Prospectus may be obtained from the following link: https://www.sec.gov/Archives/e... 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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.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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