Murphy Oil USA’s Amended and Restated ABL Credit Facility and Term Loan Facility

Cravath represented the agent, JPMorgan Chase Bank, N.A., in connection with the arrangement of a $450 million amended and restated ABL credit facility and a $200 million term loan facility, made available to Murphy Oil USA, Inc. to be used to repay the outstanding loans under the February 2016 term loan facility, working capital and other general corporate purposes. The transaction closed on March 10, 2016.

The Cravath team included partner Tatiana Lapushchik, senior attorney Patrick J. Moriarty and associate Alex M. Dzioba on banking matters and associate Dmitry Zelik on tax matters. Spencer C. Joffrion also worked on banking matters.