Four Decades for Justice
Cravath represented the initial purchasers, led by J.P. Morgan Securities and Stephens Inc., in connection with the US$500 million 144A/Reg. S high‑yield senior debt offering of Murphy Oil USA, Inc., which is being spun off from Murphy Oil Corporation. The transaction closed on August 14, 2013. Upon completion of the spin‑off, Murphy Oil USA, Inc. will be one of the largest independent retailers of gasoline products and convenience merchandise.
The Cravath team included partner William V. Fogg, senior attorney Daniel A. O’Shea and associate Jennifer L. Tanaka. Jared B. Taylor also worked on this matter.
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