HF Sinclair Corporation Announces Partial Redemption of its 5.875% Senior Notes due 2026
11 Fevereiro 2025 - 6:30PM
Business Wire
HF Sinclair Corporation (the “Corporation”) (NYSE: DINO) today
announced that it will redeem $195,000,000 aggregate principal
amount of its outstanding 5.875% Senior Notes due 2026 (the
“Notes”). 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 21, 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 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/20250211515052/en/
FOR FURTHER INFORMATION, Contact: Craig Biery, Vice President,
Investor Relations HF Sinclair Corporation 214-954-6510
HF Sinclair (NYSE:DINO)
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