Murphy Oil Corporation Announces Closure Of Non-Core Canadian Asset Sale For $104M; Plans To Redeem All Of Its Outstanding 5.750% Senior Notes due 2025 On October 15, 2023
Portfolio Pulse from Benzinga Newsdesk
Murphy Oil Corporation has announced the closure of a non-core Canadian asset sale for $104M. The company also plans to redeem all of its outstanding 5.750% Senior Notes due 2025 on October 15, 2023.
September 15, 2023 | 10:40 am
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Murphy Oil Corporation's closure of a non-core Canadian asset sale for $104M and plans to redeem all of its outstanding 5.750% Senior Notes due 2025 could impact its financial position and stock price.
The closure of the asset sale will provide Murphy Oil Corporation with an influx of cash, which could strengthen its financial position. The redemption of the Senior Notes could reduce its debt burden, which could also be positive for the company's financial health and potentially its stock price.
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