Davis Polk advised Murphy Oil Corporation in connection with an SEC-registered offering of $550 million aggregate principal amount of 5.875% notes due 2027 and a tender offer for up to $550 million of its 4.000% senior notes due 2022 and 3.700% senior notes due 2022 (collectively, the “Tender Notes”). Murphy Oil Corporation used the net proceeds from the 2027 notes offering, plus cash on hand, to partially repurchase the Tender Notes pursuant to the tender offer.

Murphy Oil Corporation is a global independent oil and natural gas exploration and production company. The company’s diverse resource base includes production from North America onshore plays in the Eagle Ford Shale, Kaybob Duvernay, Tupper Montney and Placid Montney, as well as offshore Gulf of Mexico and Canada.

The Davis Polk capital markets team included partner Joseph A. Hall and associates John H. Runne, Angela Park and Amanda Rae Schwarzenbart. Partner William A. Curran and associate Christina L. Tacoronti provided tax advice. Associate Amy L. Larsen provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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