Davis Polk advised Murphy USA Inc. in connection with an SEC-registered offering of $300 million aggregate principal amount of 5.625% senior notes due 2027. The notes were issued by Murphy USA’s wholly owned subsidiary, Murphy Oil USA, Inc. and are guaranteed by Murphy USA and by certain of Murphy USA’s domestic subsidiaries. Murphy USA intends to use the first $250 million of net proceeds from the offering for general corporate purposes. The remainder of the net proceeds will be used to pay down amounts outstanding under Murphy USA’s senior credit facilities.

Based in El Dorado, Arkansas, Murphy USA is a 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 Davis Polk capital markets team included partner Joseph A. Hall and associates Yasin Keshvargar and John H. Runne. Partner Kathleen L. Ferrell and associate Jonathan Atkins provided tax advice. Counsel Betty Moy Huber and associate Yuko Masunaga provided environmental advice. Associate Colleen Blanco provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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