We advised Murphy Oil on its debt offering and tender offers for three tranches of notes

Davis Polk advised Murphy Oil Corporation in connection with an SEC-registered offering of $600 million aggregate principal amount of 6.000% notes due 2032 and tender offers for up to $600 million aggregate principal amount of its 5.875% senior notes due 2027, 6.375% senior notes due 2028 and 7.050% senior notes due 2029. Murphy Oil Corporation intends to use the net proceeds from the notes offering, plus cash on hand, to fund the tender offers and to pay any related premiums, fees and expenses.

Murphy Oil Corporation is a global oil and gas exploration and production company, with both onshore and offshore operations and properties. The company produces crude oil, natural gas and natural gas liquids primarily in the United States and Canada and explores for crude oil, natural gas and natural gas liquids in targeted areas worldwide.

The Davis Polk capital markets team included partner Joseph A. Hall, counsel John H. Runne and associates Kerim K. Aksoy and Saloni Pant. Partner William A. Curran and associate Bryce Maxey provided tax advice. Associates Jonathan P. Jackson and Caleb Beavers provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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