Murphy Oil Corporation Announces Early Results and Increase of 2027 Maximum Subcap of Cash Tender Offers for Outstanding Debt Securities
The 2027 Maximum SubCap represents the maximum aggregate principal amount in respect of the 2027 Notes being purchased at Acceptance Priority Level “1”.
- The 2027 Maximum SubCap represents the maximum aggregate principal amount in respect of the 2027 Notes being purchased at Acceptance Priority Level “1”.
- Acceptance for tenders of 2027 Notes will be subject to proration at Acceptance Priority Level “1” because the aggregate principal amount of 2027 Notes validly tendered resulted in the aggregate principal amount of 2027 Notes exceeding the 2027 Maximum SubCap.
- All conditions were satisfied or waived by the Company at the Early Tender Date.
- The Company intends to fund the purchase of validly tendered and accepted Notes on the Early Settlement Date with available cash on hand.