{"id":514210,"date":"2021-07-16T16:36:01","date_gmt":"2021-07-16T20:36:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-partial-redemption-of-6-875-notes-due-2024\/"},"modified":"2021-07-16T16:36:01","modified_gmt":"2021-07-16T20:36:01","slug":"murphy-oil-corporation-announces-partial-redemption-of-6-875-notes-due-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-partial-redemption-of-6-875-notes-due-2024\/","title":{"rendered":"Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMurphy Oil Corporation (the \u201cCompany\u201d) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the \u201cNotes\u201d) on August 16, 2021, the redemption date for the Notes.\n<\/p>\n<p>\nThe redemption price for the Notes called for redemption will be equal to 101.719% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.\n<\/p>\n<p>\nAdditional information concerning the terms of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution. This news release does not constitute a notice of redemption of the Notes.\n<\/p>\n<p><b>ABOUT MURPHY OIL CORPORATION<\/b><\/p>\n<p>\nAs an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.murphyoilcorp.com&amp;esheet=52460090&amp;newsitemid=20210716005468&amp;lan=en-US&amp;anchor=www.murphyoilcorp.com&amp;index=1&amp;md5=732c328498df97113b5c69fe91fa3e4b\">www.murphyoilcorp.com<\/a>.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p><i>This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as \u201caim\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201cdrive\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cexpressed confidence\u201d, \u201cforecast\u201d, \u201cfuture\u201d, \u201cgoal\u201d, \u201cguidance\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cobjective\u201d, \u201coutlook\u201d, \u201cplan\u201d, \u201cposition\u201d, \u201cpotential\u201d, \u201cproject\u201d, \u201cseek\u201d, \u201cshould\u201d, \u201cstrategy\u201d, \u201ctarget\u201d, \u201cwill\u201d or variations of such words and other similar expressions. These statements, which express management\u2019s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply\/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see \u201cRisk Factors\u201d in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC\u2019s website and from Murphy Oil Corporation\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fir.murphyoilcorp.com&amp;esheet=52460090&amp;newsitemid=20210716005468&amp;lan=en-US&amp;anchor=http%3A%2F%2Fir.murphyoilcorp.com&amp;index=2&amp;md5=a6be40e19819cd07d1cbdb35f03535ca\">http:\/\/ir.murphyoilcorp.com<\/a>. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements. <\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210716005468r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210716005468\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210716005468\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contacts:<br \/>\n<\/b><br \/>Kelly Whitley, <a rel=\"nofollow\" href=\"mailto:kelly_whitley@murphyoilcorp.com\">kelly_whitley@murphyoilcorp.com<\/a>, 281-675-9107<br \/>\n<br \/>Megan Larson, <a rel=\"nofollow\" href=\"mailto:megan_larson@murphyoilcorp.com\">megan_larson@murphyoilcorp.com<\/a>, 281-675-9470\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Utilities Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210716005468\/en\/84689\/3\/murcorp3_copy.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024 HOUSTON&#8211;(BUSINESS WIRE)&#8211; Murphy Oil Corporation (the \u201cCompany\u201d) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the \u201cNotes\u201d) on August 16, 2021, the redemption date for the Notes. The redemption price for the Notes called for redemption will be equal to 101.719% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-partial-redemption-of-6-875-notes-due-2024\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-514210","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/murphy-oil-corporation-announces-partial-redemption-of-6-875-notes-due-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Murphy Oil Corporation Announces Partial Redemption of 6.875% Notes Due 2024 HOUSTON&#8211;(BUSINESS WIRE)&#8211; Murphy Oil Corporation (the \u201cCompany\u201d) (NYSE:MUR) announced today that it will redeem $150 million in aggregate principal amount of its 6.875% Senior Notes due 2024 (the \u201cNotes\u201d) on August 16, 2021, the redemption date for the Notes. The redemption price for the Notes called for redemption will be equal to 101.719% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. 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The redemption price for the Notes called for redemption will be equal to 101.719% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. 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