HF Sinclair Corporation Announces Pricing of Senior Notes Offering
BY Business Wire | CORPORATE | 01/08/25 06:13 PM EST DALLAS--(BUSINESS WIRE)--
HF Sinclair Corporation
The Corporation intends to use the net proceeds from the offering to repay $350,000,000 in outstanding borrowings under the revolving credit agreement of its wholly owned subsidiary, Holly Energy Partners, L.P., to fund the concurrent tender offer for cash for an aggregate purchase price (excluding accrued interest) of up to $900,000,000, to be increased to $1,050,000,000 (as it may be increased or decreased by the Corporation in accordance with applicable law), of (i) up to $150,000,000 principal amount of the Corporation?s outstanding 6.375% Senior Notes due 2027, (ii) the Corporation?s outstanding 5.875% Senior Notes due 2026 and (iii) HollyFrontier Corporation?s outstanding 5.875% Senior Notes due 2026 and the remainder, if any, for general corporate purposes, which may include capital expenditures.
Interest on the Notes will be payable on January 15 and July 15 of each year. The first interest payment on the Notes will be due on July 15, 2025.
BofA Securities, MUFG, SMBC Nikko, Wells Fargo Securities, Citigroup, Scotiabank, TD Securities and Truist Securities are acting as joint book-running managers for the offering. Barclays, Citizens Capital Markets, Comerica Securities, Goldman Sachs & Co. LLC and PNC Capital Markets LLC also serve as co-managers for the offering. The offering is being made pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the ?SEC?) and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from:
BofA Securities, Inc.
201 North Tryon Street
NC1-022-02-25
Charlotte, NC 28255-0001
Attention: Prospectus Department
Toll-Free: 1-800-294-1322
Email: dg.prospectus_requests@bofa.com
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Attention: Capital Markets Group
Toll-Free: 1-877-649-6848
Email: syndicate@us.sc.mufg.jp
SMBC Nikko Securities America, Inc.
277 Park Avenue
New York, New York 10172
Attention: Debt Capital Markets
Toll-Free: 1-888-868-6856
E-mail: prospectus@smbcnikko-si.com
Wells Fargo Securities, LLC
608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402
Attention: WFS Customer Service
Toll-Free: 1-800-645-3751
E-mail: wfscustomerservice@wellsfargo.com.
An electronic copy of the prospectus supplement and accompanying prospectus is also available on the website of the SEC at www.sec.gov.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation or sale of the Notes would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HF Sinclair Corporation
HF Sinclair Corporation
Cautionary Statement Regarding Forward-Looking Statements
The following is a ?safe harbor? statement under the Private Securities Litigation Reform Act of 1995: The statements in this press release relating to matters that are not historical facts, including those regarding the Notes offering and the expected use of proceeds therefrom, are ?forward-looking statements? that involve certain risks and uncertainties that could cause actual outcomes and results to materially differ from what is expressed, implied or forecast in such statements. Any differences could be caused by a number of factors, including, but not limited to, the ability to complete the offering, general market conditions and other financial, operational and legal risks and uncertainties detailed from time to time in the Corporation?s SEC filings. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. The forward-looking statements speak only as of the date made and, other than as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Source: HF Sinclair Corporation