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Murphy USA Inc. Publicizes Non-public Providing of Senior Notes NYSE:MUSA

EL DORADO, Ark., Jan. 21, 2021 (GLOBE NEWSWIRE) — Murphy USA Inc. (“Murphy USA”) (NYSE: MUSA) introduced at this time the deliberate personal providing of $500 million mixture principal quantity of senior notes due 2031 (the “Notes”) by its wholly owned subsidiary, Murphy Oil USA, Inc., topic to market and different situations. The Notes shall be assured on a senior unsecured foundation by Murphy USA and by sure of Murphy USA’s home subsidiaries.

Murphy USA intends to make use of the online proceeds from the providing to finance, partially, its acquisition of Fast Chek Company (“QuickChek”) and to repay excellent debt beneath its current senior credit score settlement. If the QuickChek acquisition is just not consummated, Murphy USA will use the proceeds from this providing for common company functions, which can embody funding future acquisitions.

The Notes won’t be registered beneath the Securities Act of 1933, as amended (the “Securities Act”), or any state securities legal guidelines, and is probably not supplied or bought in america absent registration or an relevant exemption from registration beneath the Securities Act or any relevant state securities legal guidelines. The Notes shall be supplied solely to individuals moderately believed to be certified institutional consumers beneath Rule 144A beneath the Securities Act and to sure non-U.S. individuals in transactions outdoors america in compliance with Regulation S beneath the Securities Act.

This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase the securities described herein, nor shall there be any sale of those securities in any jurisdiction by which such a suggestion, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction.

About Murphy USA

Murphy USA (NYSE: MUSA) is a number one retailer of gasoline and comfort merchandise with greater than 1,500 stations situated primarily within the Southwest, Southeast, and Midwest United States. The corporate and its crew of practically 10,000 staff serve an estimated 1.7 million prospects every day by its community of retail gasoline stations in 25 states. Nearly all of Murphy USA’s websites are situated in shut proximity to Walmart shops. The corporate additionally markets gasoline and different merchandise at standalone shops beneath the Murphy Categorical model. Murphy USA ranks 262 amongst Fortune 500 corporations.

Ahead-Trying Statements

Sure statements on this information launch comprise or might recommend “forward-looking” data (as outlined within the Non-public Securities Litigation Reform Act of 1995) that contain threat and uncertainties, together with, however not restricted to our M&A exercise, anticipated retailer openings, gasoline margins, merchandise margins, gross sales of RINs, developments within the Firm’s operations, dividends and share repurchases. Such statements are based mostly upon the present beliefs and expectations of the Firm’s administration and are topic to vital dangers and uncertainties. Precise future outcomes might differ materially from historic outcomes or present expectations relying upon components together with, however not restricted to: the Firm’s capacity to consummate the acquisition of QuickChek on the said phrases or in any respect; the Firm’s capacity to understand projected synergies from the acquisition of QuickChek and efficiently broaden our meals and beverage choices; the Firm’s capacity to finance the acquisition of QuickChek on acceptable phrases; the Firm’s capacity to proceed to keep up a very good enterprise relationship with Walmart; profitable execution of the Firm’s development technique, together with the Firm’s capacity to understand the anticipated advantages from such development initiatives, and the well timed completion of development related to the Firm’s newly deliberate shops which can be impacted by the monetary well being of third events; the Firm’s capacity to successfully handle the Firm’s stock, disruptions within the Firm’s provide chain and the Firm’s capacity to manage prices; the influence of extreme climate occasions, resembling hurricanes, floods and earthquakes; the influence of a world well being pandemic, resembling COVID-19, together with the influence on the Firm’s gasoline volumes if the gradual recoveries skilled all through 2020 stall or reverse because of any resurgence in COVID-19 an infection charges and authorities response in response thereof; the influence of any methods failures, cybersecurity and/or safety breaches, together with any safety breach that ends in theft, switch or unauthorized disclosure of buyer, worker or firm data or the Firm’s compliance with data safety and privateness legal guidelines and laws within the occasion of such an incident; profitable execution of the Firm’s data know-how technique; future tobacco or e-cigarette laws and every other efforts that make buying tobacco merchandise extra pricey or troublesome might harm the Firm’s revenues and influence gross margins; modifications to the Firm’s capital allocation, together with the timing, declaration, quantity and cost of any future dividends or ranges of the Firm’s share repurchases, or administration of working money; the market value of the Firm’s inventory prevailing occasionally, the character of different funding alternatives introduced to the Firm occasionally, the Firm’s money flows from operations, and common financial situations; compliance with debt covenants; availability and price of credit score; and modifications in rates of interest; dangers associated to the providing of the Notes, together with the danger that the Notes providing is just not consummated on anticipated phrases, if in any respect. Murphy USA’s SEC studies, together with its most up-to-date annual report on Type 10-Okay and quarterly studies on Type 10-Q, comprise different data on these and different components that might have an effect on our monetary outcomes and trigger precise outcomes to vary materially from any forward-looking data we might present. Murphy USA undertakes no obligation to replace or revise any forward-looking statements to replicate subsequent occasions, new data or future circumstances.

Investor Contact:

Christian Pikul – Vice President, Investor Relations and Monetary Planning and Evaluation
Workplace – 870-875-7683

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