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CM - Murphy selling $550MM in bonds to repurchase older notes - November 2019
Murphy Oil Corp. priced $550 million aggregate principal amount of 5.875% senior notes due 2027 for an offering that it expects to close Nov. 27. The company will use proceeds to fund the cash tender offers for its purchase of up to $550 million of its 4% senior notes due 2022 and 3.7% senior notes due 2022. JP Morgan, BofA and MUFG are joint book-running managers for the offering. Under terms of the tender......
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