MUR 5.750% 15Aug2025 Corp (USD)

Bond Factsheet

Matured/ Called

Murphy Oil Corporation

Indicative

Full Lot

Bid Price

99.850

Change in Bid Price

Bid Yield (%)

5.834 %

Change in Bid Yield

Ask Price

99.850

Change in Ask Price

Ask Yield (%)

5.834 %

Change in Ask Yield

Indicative price as of 30 Oct 2023, 12:00am

chevron_leftchevron_right

Bond Information

Murphy Oil Corporation is an independent exploration and production company that conducts its business through various operating subsidiaries. The Company primarily produces crude oil, natural gas, and natural gas liquids in the United States and Canada and conducts oil and natural gas exploration activities worldwide.

Bond Issuer

Murphy Oil Corporation

Guarantor

Announcement Date

04 Aug 2017

Issue Date

18 Aug 2017

Maturity Date

15 Aug 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.750

Coupon Type

Fixed

Annual Coupon Rate

5.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US626717AJ13

CUSIP

626717AJ1

Bond Currency

USD

Total Issue Size

550,000,000

Outstanding Issue Size

248,675,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Energy

Bond Sub Sector

Oil, Gas and Consumable Fuels

Issuer Credit Rating (S&P/ Fitch)

***/ BB+

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On or after August 15, 2020, the notes may be redeemed by us, in whole or in part at our option, at the redemption prices set forth below (expressed in percentages of principal amount of the notes on the redemption date), plus accrued and unpaid interest on the principal amount of the notes being redeemed to, but not including, the redemption date, if redeemed during the 12-month period commencing on August 15 of the years set forth below.

Period	Redemption price
2020	104.313%
2021	102.875%
2022	101.438%
2023 and thereafter	100.000%

Make Whole Call

If the notes are redeemed at any time prior to August 15, 2020, the notes may be redeemed by us, in whole or in part at our option, at a redemption price equal to the greater of:
• 100% of the principal amount of notes to be redeemed; or
• the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (not including any portion of such payments of interest accrued and unpaid to the date of redemption)discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-daymonths) at the treasury rate plus 50 basis points,
plus accrued and unpaid interest on the principal amount of the notes being redeemed to, but not including, the redemption date.

Change Control Put

Repurchase upon a change of control triggering event

Upon the occurrence of a change of control triggering event with respect to the notes, unless the Company has exercised its right to redeem all of the notes as described under “—Optional redemption,” each holder of the notes will have the right to require the Company to purchase all or a portion of such holder’s notes pursuant to the offer described below (the “change of control offer”), at a purchase price in cash (the “change of control payment”) equal to101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase, provided that any payment of interest becoming due on or prior to the change of control payment date (as defined below) shall be payable to the holders of such notes registered as such on the relevant record date.

“Change of control triggering event” means (1) the ratings of the notes is downgraded by any two of the ratings agencies during the 60-day period (the “trigger period”) commencing on the earlier of (i) the occurrence of a change of control or (ii) the first public announcement of the occurrence of a change of control or the Company’s intention to effect a change of control (which trigger period will be extended so long as the ratings of the notes is under publicly announced consideration for possible downgrade by any of the ratings agencies) and (2) the notes of are rated below an investment grade rating by any two of the ratings agencies on any date during the trigger period; provided that a change of control triggering event will not be deemed to have occurred in respect of a particular change of control if each ratings agency does not publicly announce or confirm or inform the trustee in writing at our request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the change of control (whether or not the applicable change of control has occurred at the time of the change of control triggering event). Notwithstanding the foregoing, no change of control triggering event will be deemed to have occurred in connection with any particular change of control unless and until such change of control has actually been consummated.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.