HF Sinclair Corporation Announces Redemption of HollyFrontier Corporation’s 5.875% Senior Notes due 2026
27 Janeiro 2025 - 7:31PM
Business Wire
HF Sinclair Corporation (the “Corporation”) (NYSE: DINO) today
announced that it will redeem all of the outstanding 5.785% Senior
Notes due 2026 (the “Notes”) of HollyFrontier Corporation, its
wholly owned subsidiary. The redemption price for the Notes will
equal the greater of (i) 100% of the principal amount of the Notes
to be redeemed and (ii) the “make-whole” redemption premium
specified in the indenture, as supplemented, governing the Notes,
plus, in either case, accrued and unpaid interest to the Redemption
Date (as defined below) The redemption of the Notes is scheduled to
occur on February 16, 2025 (the “Redemption Date”). The Corporation
intends to fund the redemption with the net proceeds of the
Corporation’s registered offering of $1,400,000,000 aggregate
principal amount of senior notes completed on January 23, 2025. On
and after the Redemption Date, the Notes will no longer be deemed
outstanding, interest will cease to accrue thereon and all rights
of the holders of the Notes will cease, except for the right to
receive the redemption price. This release does not constitute a
Notice of Redemption of the Notes.
Computershare Trust Company, N.A. (the “Trustee”) is serving as
the paying agent for this transaction. Copies of the Notice of
Redemption and additional information relating to the redemption of
the Notes may be obtained from the Trustee, 1505 Energy Park Dr.,
St. Paul, MN 55108, telephone: 1-800-344-5128.
About HF Sinclair Corporation HF
Sinclair Corporation, headquartered in Dallas, Texas, is an
independent energy company that produces and markets high-value
light products such as gasoline, diesel fuel, jet fuel, renewable
diesel and lubricants and other specialty products. HF Sinclair
owns and operates refineries located in Kansas, Oklahoma, New
Mexico, Wyoming, Washington and Utah. HF Sinclair provides
petroleum product and crude oil transportation, terminalling,
storage and throughput services to our refineries and the petroleum
industry. HF Sinclair markets its refined products principally in
the Southwest U.S., the Rocky Mountains extending into the Pacific
Northwest and in other neighboring Plains states and supplies
high-quality fuels to more than 1,500 branded stations and licenses
the use of the Sinclair brand at more than 300 additional locations
throughout the country. HF Sinclair produces renewable diesel at
two of its facilities in Wyoming and also at its facility in New
Mexico. In addition, subsidiaries of HF Sinclair produce and market
base oils and other specialized lubricants in the U.S., Canada and
the Netherlands, and export products to more than 80 countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20250127293947/en/
Craig Biery, Vice President, Investor Relations HF Sinclair
Corporation 214-954-6510
HF Sinclair (NYSE:DINO)
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