MURPHY OIL CORPORATION (NYSE:MUR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On November 17, 2017, Murphy Oil Corporation entered into the third amendment (“Amendment No. 3”) to its revolving credit agreement dated as of August 10, 2016 (the “Credit Agreement”) with, among other parties, JPMorgan Chase Bank, N.A., as administrative agent. Among other things, Amendment No. 3 extends the maturity date of the Credit Agreement to August 17, 2021, reduces the facility fee on revolving commitments and the interest margin on revolving loans and increases the total leverage ratio under the financial covenants from < 3.75:1.00 to < 4.00:1.00.
The description of Amendment No. 3 contained herein is qualified in its entirety by reference to Amendment No. 3 attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
MURPHY OIL CORP /DE ExhibitEX-10.1 2 dp82990_ex1001.htm EXHIBIT 10.1 Exhibit 10.1 Conformed Copy THIRD AMENDMENT TO CREDIT AGREEMENT dated as of NOVEMBER 17,…To view the full exhibit click here
About MURPHY OIL CORPORATION (NYSE:MUR)
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.