Murphy Oil Corporation announced today its intention to issue a notice of partial redemption for $79 million aggregate principal amount of its 5.875% senior notes due 2027. This action follows the company's earlier debt tender offers and new note issuance.
The redemption date for these notes is set for December 21, 2024, with payment of the redemption price, including accrued and unpaid interest, scheduled for December 23, 2024. This move is part of Murphy Oil's ongoing strategy to optimize its debt profile.
This redemption will further reduce the company's outstanding debt obligations. It aligns with Murphy Oil's stated goal of achieving a debt-neutral transaction following its recent financing activities.
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