HF Sinclair to repurchase ~2M shares from REH Company for $100M

HF Sinclair Corp

Repurchases 1,969,279 shares at $50.78/share from REH Company (formerly The Sinclair Companies) in a privately negotiated transaction.
Aggregate purchase price of $100M funded with cash on hand; shares to be held as treasury stock.
This is the eighth such private repurchase from REH Company; total repurchases under $1B program now $503.5M.
Closing expected on or around March 7, 2023; Audit Committee approved as an Interested Transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company (formerly known as The Sinclair Companies) valued at aggregate purchase price of $99,999,988 (effective 2023-03-02).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: aggregate purchase price of $99,999,988
Effective: 2023-03-02

Exact text from the filing

On March 2, 2023, HF Sinclair Corporation (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with REH Company (formerly known as The Sinclair Companies) (the “Selling Stockholder” or “REH Company”), pursuant to which the Company agreed to repurchase from the Selling Stockholder 1,969,279 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”) in a privately negotiated transaction.

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300 material agreements filed in the last 30 days. Browse all material agreements →

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-058925

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