04:05 PM EDT, 09/19/2024 (MT Newswires) -- Murphy Oil ( MUR ) said Thursday it priced an offering of $600 million of 6.000% senior notes due 2032.

The company said it expects to close the offering on Oct. 3.

Murphy Oil ( MUR ) plans to use the net proceeds, along with available cash, to finance cash tender offers to buy up to $600 million total principal amount of its outstanding 5.875% senior notes due 2027, 6.375% senior notes due 2028, and 7.050% senior notes due 2029, the company said.

Shares of Murphy Oil ( MUR ) were up 2% in recent trading.