Murphy Oil to redeem $200 million of 6 7/8% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., May 2 – Murphy Oil Corp. announced it will redeem a portion of its 6 7/8% senior notes due 2024 totaling $200 million, according to a press release.

The notes will be redeemed at 101.719 on June 2.

Interest, if any, will also be paid on the notes to but excluding the redemption date.

The $200 million of notes to be redeemed will be selected in accordance with the procedures of the Depository Trust Co.

Murphy Oil is a Houston-based oil and gas exploration and production company.

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