FX.co ★ Murphy Oil Starts Offering $600 Mln Of Senior Notes

Murphy Oil Corporation (MUR) announced on Thursday that it has initiated a series of tender offers to buy back up to $600 million in aggregate principal amount of its senior notes.

These tender offers are set to expire on October 18.

The company plans to finance the buyback using the net proceeds from debt financing and existing cash reserves.

This initiative aims to improve the company's debt maturity profile.